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The Oil Ministry declined to comment on the issue
The minister said the tariff reductions would immediately benefit labour-intensive industries such as textiles, apparel, leather and footwear.
Trump has doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duty for India's purchase of Russian crude oil.
India and the US are in advanced discussions to finalise the first phase of a bilateral trade agreement, aiming to address market access and tariff-related issues.
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