The two countries slapped higher tariffs on each other's products earlier this year and the US withdrew a key trade concession to India, but have since been trying to work out a limited pact.

India's Trade Minister Piyush Goyal said on October 21 that the broad contours of a trade deal with the United States have been worked out and suggested there could be an announcement soon.

The two countries slapped higher tariffs on each other's products earlier this year and the US withdrew a key trade concession to India, but have since been trying to work out a limited pact.

Goyal told a business conference that he was hoping to meet United States Trade Representative Robert Lighthizer soon. Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

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