business / news / / Times of India
India and the United States have agreed to continue their engagement on a proposed trade agreement.
The United States has reduced tariffs on Indian goods from 50% to 18% under the interim arrangement.
KEY POINTS
- A February 20 Supreme Court ruling invalidated reciprocal tariffs imposed under the International Emergency Economic Powers Act.
- India is reassessing the agreement to protect its interests given shifting global tariff dynamics.
- Negotiations covered digital commerce, economic security, and non-tariff barriers, with progress reported on several fronts.
- Distillers dried grains (DDGs) were identified as a potential area for common ground between India and the US.
COMPANIES
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