India, US finalise terms of reference for first phase of trade deal, Indian official says


A crane loads shipping containers on a truck at the Deendayal Port Authority (DPA) in Kandla in India's Gujarat state on April 5, 2025. The US is India's largest trading partner. - AFP

NEW DELHI: India and the US have finalised terms of reference for talks over the first part of a bilateral trade deal, an Indian trade official said on Friday (April 11), adding it was possible that a "win-win" deal could take shape in the next 90 days.

US.President Donald Trump on Wednesday announced a 90-day pause on most tariff hikes for major trading partners including India, while raising levies on China, providing temporary relief for Indian exporters.

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India , US , trade deal

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