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Feb 18, 2026
 
Exports rise 0.61 pc to USD 36.56 bn in January
 

The US is expected to bring down reciprocal tariffs on India to 18% from 25% this week and chief negotiator from the Indian side will travel to US to finalize the legal text of the interim. As part of the trade deal the US has announced reducing additional tariffs on Indian imports to 18% from 50%. Of the 50% tariffs, 25% that was imposed on India for buying crude oil from Russia has already been removed. The remaining 25% tariffs are for balancing the trade between the two countries. "I am told they are processing it (reduction of reciprocal tariffs). It should be done fast. Our expectation is it should be done this week but in case it is not done, the team is there next week and we can pursue and see why it is taking time".

 
 
 
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