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Trump administration continuing to finetune details: White House official says ahead of February talks

While the US has said that India committed to reducing purchase of Russian oil, India has maintained that its national interests will be the “guiding factor” and that procurement will be diversified.

U.S. President Donald Trump presents a gift to Prime Minister Narendra Modi at the White House in Washington, DC, on Friday, February 14, 2025. / Courtesy: IANS

With officials of the Indian trade team set to visit the United States in the last week of February, White House officials said that the Donald Trump administration is continuing to finetune granular details before the trade deal is finalized.

“The Trump administration continues to work with India and all of our other trade partners to cement our historic trade agreements and finetune more granular details,” a White House official said on Feb. 17 (local time).

The official’s statements came following queries on what can be expected in next week’s meetings.

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On Feb. 6, a joint statement was released by the US and India announcing an interim trade agreement. The US said that a reciprocal tariff of 18 percent will be applied instead of the earlier 25 percent. In the agreement, the US agreed to remove the 25 percent additional tariff that was imposed on India for purchase of Russian oil.

While the US has said that India committed to reducing purchase of Russian oil, India has maintained that its national interests will be the “guiding factor” and that procurement will be diversified.

According to the interim agreement, India “intended to purchase $500 billion” of US energy products, technology products and aircraft parts among others, over the next five years.

“The Interim Agreement between the United States and India will represent a historic milestone in our countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes,” the White House had announced.

According to officials, once the legal text for the framework is finalized in the upcoming meetings, it is likely to be signed in March.

Discover more at New India Abroad.

 

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