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Ongoing Trade Negotiations: India's foreign minister confirmed that trade negotiations with the U.S. are still in progress, emphasizing the need to protect certain interests.
U.S. Tariffs on Indian Goods: Indian goods are facing additional tariffs of up to 50% from the U.S., primarily due to India's increased purchases of Russian oil.
Current and Future Tariff Rates: A 25% tariff is already in effect, with another 25% set to be implemented on August 27.
Protection of Domestic Interests: Foreign Minister Subrahmanyam Jaishankar highlighted the importance of defending the interests of farmers and small producers during negotiations.
