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TradeJul 23, 2026

INDIA — India-US interim trade deal 'almost complete' after Jaishankar-Rubio meeting

BullishTrade

An interim trade agreement between India and the United States is nearly finalized, according to US officials, following a meeting between External Affairs Minister S Jaishankar and Secretary of State Marco Rubio in Manila. The development comes as President Trump announced future plans to raise tariffs on imported generic drugs to 200%, a move that could significantly impact India, the largest supplier of generics to the US market.

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