Sources: India-US small trade deal negotiations have been completed, with average tariff rates likely to be 10%.

On July 6, CNBC quoted sources as saying that the average tariff rate under the India-US mini-trade agreement could be 10%, and India and the United States could make a final decision on the trade agreement in the next 24 to 48 hours. At present, the negotiations on the India-US mini-trade agreement have been completed, and the negotiations on the larger trade agreement will start after July 9.