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Will India-US trade deal shake up Asia's apparel export dynamics?

India and the United States are very close to sealing a long-anticipated trade deal that could reset the pulse of their commercial ties and cool the tariff tensions that have flared in recent months, if the latest media reports are to be believed.

Both governments have hinted that negotiations are in the home stretch, with officials suggesting the final details are being ironed out before the agreement is signed. Once inked, the deal is expected to ease the steep import duties Washington slapped on Indian goods earlier this year and open the door to a more balanced trade equation.