Sources claim that addressing the US-imposed 50% reciprocal tariff is the Indian government's top priority.

This is a significant update:- The last stage of the trade deal between the United States and India is now being negotiated. Sources claim that addressing the US-imposed 50% reciprocal tariff is the Indian government's top priority.

Even before the full trade agreement is formally disclosed, this problem might be resolved. Reciprocal duties on 254 Indian agricultural export goods have already been removed by the US.

Let's examine the information provided by Alok Priyadarshi for further clarification. The US-India trade negotiations are nearly over, according to the Commerce Ministry, but the last round of talks is taking longer since both parties want to resolve all significant issues. The government thinks the deal is almost complete.

The 50% tax that the US applied in reaction to India's purchase of Russian oil is one of the primary topics of discussion. The administration anticipates that the reciprocal tax may be removed prior to the official announcement of the entire trade agreement.

The US lifted duties on 254 Indian exports starting on November 13, including 29 agricultural goods valued at around $1 billion a year. Tea, coffee, spices, processed meals, fruits, nuts, and other goods are among them.

This is the start of a more comprehensive plan to resolve tariffs. Regarding the trade agreement, authorities have stated that the tariff problem has been included in the negotiations as part of the first phase, but no formal date has yet been disclosed. Finding is the immediate goal.

The Commerce Ministry underlined that the 10% LNG import agreement with the US is not directly related to the current trade agreement in response to the recent statement regarding LNG imports.

Nonetheless, it will support the larger negotiations and aid in balancing the trade relationship. The government has made it clear that any official announcement on the India-US trade pact will be made formally and not through applications like Truth Social or similar portals, even though rumors may surface on social media platforms. This is the general picture of the India-US trade deal that has come to light thus far.