India-US trade deal progressing as per terms of reference, says govt official
'The first round of negotiations took place when the US team visited India last week of March. We finalized terms of negotiations thereafter, and the negotiations have been going thereafter. Two rounds of discussions were held when India visited the US in April and May. Then in June, again, the United States team came to India, and we had the fourth round of discussions and negotiations on the bilateral trade agreement,' said chief negotiator and commerce secretary-designate Rajesh Agarwal on Tuesday.
Agarwal refused to speak on any specific details of the negotiations between the two countries. India is hoping to close a limited trade deal by 1 August 2025, when the extended deadline for implementation of reciprocal tariff ends. The US has already announced the revised reciprocal tariff rates for two dozen countries. The revised rates are in the 25-40% range. New tariff for India has not been announced yet.
The trade data released by the commerce ministry on Tuesday showed that despite the 10% reciprocal tariff imposed by the US, India's exports to the US has jumped by a healthy 22% in April-June quarter, while imports from the country have increased by 12% during the same period.
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The Hindu
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India.com
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Richest man of Pakistan once washed dishes, now earns Rs 74000 crore from... ,no match for Mukesh Ambani, Gautam Adani, his net worth is...
Shahid Khan-Pakistan Richest man of Pakistan: You must have heard many stories about India's richest man, Mukesh Ambani and how he achieved success becoming one of the modern business legends of India. However, do you know who is the richest man of Pakistan? You would be amazed to know that now the richest man of Pakistan, Shahid Khan went to the United States with only US$500 in his pocket where he took a dishwashing role just after reaching the country. Here are all the details you need to know about Shahid Rafiq Khan, the richest man of Pakistan. Who is Pakistani-born billionaire Shahid Khan? The story of Pakistani-born billionaire Shahid Khan is truly a rags-to-riches tale as from being someone who washed dishes to make ends meet to now owning auto parts supplier Flex-N-Gate and the NFL's Jacksonville Jaguars. Talking about his business journey, Khan started a car-bumper manufacturing company Bumper Works in 1978. Apart from this, Khan also owns two professional sports teams. As per various media reports, Khan bought the National Football League's Jacksonville Jaguars in 2011 for $770 million which is now valued at $4.8 billion. Khan also purchased the Fulham Football Club of the English Premier League in 2013. What is the Family background of Shahid Khan? Born in Lahore, Pakistan, in 1950, the mother of Shahid Khan was a math professor and his father sold surveying equipment. After moving to the US, Shahid Khan started working on auto-parts and over the next three decades, Khan expanded his company into a business with more than 60 manufacturing plants across the US, a report by Bloomberg said. Talking about his family background, Shahid is married to Ann Carlson Khan, whom he met at university. As per media reports, the couple has two children, daughter Shanna and son Tony who share a very good bond. What is Net worth of Pakistani-born billionaire Shahid Khan? As per Forbes, the net worth of Shahid Khan is around USD 13.1 billion (Rs 1,10,000 crore) as of July, 2025.
