{"id":15822,"date":"2025-10-22T07:37:25","date_gmt":"2025-10-22T07:37:25","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15822"},"modified":"2025-10-22T07:37:25","modified_gmt":"2025-10-22T07:37:25","slug":"india-nears-deal-to-slash-us-tariffs-on-indian-imports-to-15-16-mint-reports","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15822\/","title":{"rendered":"India nears deal to slash US tariffs on Indian imports to 15-16%, Mint reports \u200b"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0INDIA and the United States are nearing a long-stalled trade agreement that would reduce US tariffs on Indian imports to 15 per cent to 16 per cent from 50 per cent, India\u2019s Mint <\/em>reported on Wednesday citing three people aware of the matter.<\/p>\n

The deal, which hinges on energy and agriculture, may see India gradually scale back its imports of Russian crude oil, Mint<\/em> reported.<\/p>\n

Reuters could not immediately verify the report.<\/p>\n

US President Donald Trump said he spoke with Indian Prime Minister Narendra Modi on Tuesday, largely focusing on trade.<\/p>\n

Trump said energy was also part of their discussion, saying Modi assured him that India would limit its oil purchases from Russia.<\/p>\n

As part of negotiations, India may allow increased imports of non-genetically modified US corn and soymeal, Mint reported citing the sources. A deal may also include a mechanism to periodically review tariffs and market access, the outlet said.<\/p>\n

Finalisation of a bilateral trade agreement is likely to be announced at the Asean Summit this month, Mint <\/em>reported.<\/p>\n

India\u2019s Ministry of Commerce and Industry and the White House did not immediately respond to Reuters\u2019 requests for comment. REUTERS<\/p>\n

Updated on