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    <title>Indis, US likely to sign trade agreement by mid-March: Goyal</title>
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    <description>The first tranche of a bilateral trade arrangement will reduce US tariffs on Indian exports from 50% to 18% via a US executive order after a joint statement is signed; Indian tariff reductions will follow only after a formal legal agreement, with Indian duties treated as MFN levies and US duties as executive tariffs.</description>
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