India has offered the U.S. a revised “final” deal, but its priority now is the removal of the additional 25% tariffs linked to Russian oil, two different sources have confirmed to The Hindu .
As per the latest submission, India has offered to “immediately” remove tariffs on the import of items like walnuts, almonds, apples, and industrial goods. However, these would be part of a larger Bilateral Trade Agreement, while India right now is focussing on the removal of the 25% tariffs.
A U.S. team led by Deputy U.S. Trade Representative Rick Switzer was in New Delhi for two days until December 12. The U.S. currently imposes a 50% tariff on imports from India, including a 25% reciprocal tariff and a 25% ‘penalty’ for India’s import of Russian oil.
“India has offered the U.S. team a revised

The Hindu

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