According to CNBC, citing sources, the average tariff rate under the small-scale trade agreement between India and the US is likely to be 10%. A final decision on the trade agreement may be made within the next 24 to 48 hours. Currently, negotiations on the small-scale trade agreement have been completed, and discussions on a larger trade agreement are expected to begin after July 9.
Sources: India and the US have completed negotiations on a small-scale trade agreement, with an average tariff rate likely to be 10%.
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