India-US Trade Deal Hits Snag: Trump Rep Says Final Details Being 'Papered'

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A day after announcing a major trade deal between India and the US, the Trump administration has clarified that the agreement's details are still being finalized. US Trade Representative Jamieson Greer told CNBC that while the specifics of the deal are in place, the exact details are being worked out. This comes after Union Commerce Minister Piyush Goyal hailed the deal as a significant step forward, stating that it is in its final stages. The deal, announced by US President Donald Trump on Monday, aims to lower tariffs on India from 50% to 18% and sees India agreeing to stop buying Russian oil. However, the Kremlin has disputed this claim, stating it has not received official confirmation from India. The deal is expected to include significant reductions in tariffs and non-tariff barriers for US goods, as well as India committing to purchasing over $500 billion worth of American energy, technology, and agricultural products. While the full details of the agreement have yet to be shared, the deal is seen as a major boost for US-India relations and a significant step towards greater economic cooperation between the two nations.