US EditionUS and India unveil interim trade framework, move closer to broad pact
The interim framework cuts US tariffs on Indian goods to 18% and commits India to buy $500 billion in US products over five years, aiming to boost trade and supply chain resilience.
- Releasing a joint interim framework, New Delhi said the deal cuts U.S. tariffs to 18% and secures about $500 billion in Indian purchases over five years.
- Weeks after the India‑EU FTA, Washington worried India’s BRICS ties and UPI‑TIPS interlinkage could pull a key partner from dollar circuits, prompting pre-emptive economic ties.
- India agreed to reduce or eliminate duties on textiles and apparel sector and agricultural exporters, easing non-tariff barriers for medical devices and ICT goods with a six-month standards review and auto parts quota tied to Section 232 investigation.
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Regarding the India-US interim trade deal, Union Agriculture Minister Shivraj Singh Chouhan clarified that this agreement does not compromise farmers, agriculture, and dairy interests. From GM products to grains, dairy, and canned vegetables, India has clearly drawn its red lines.
“Soybean and cotton farmers interests are protected”- Maharashtra CM Devendra Fadnavis on Indo-US trade deal
Devendra Fadnavis says Maharashtra farmers will not face losses due to Indo-US trade deal, citing MSP procurement and stable market prices, amid worries over soybean and cotton imports.
India, US seal interim trade pact framework
India-US trade deal: India's exports of about $44 billion to the US will enter the American market at zero reciprocal tariffs under the first phase of the BTA, which is expected to be signed by mid-March. This will include spices, tea, coffee, copra, coconut oil, certain nuts, banana, guava, mango, bakery goods, and home decor.
"Golden letters" or "Humiliating failure"?: India-US trade framework triggers political storm as Piyush Goyal assures farmers, Opposition cites Epstein files pressure
Union Minister Piyush Goyal on Saturday placed farmers at the government's defence of the India-US interim trade agreement, declaring the day would be "etched on golden letters" in India's economic history. The Congress led a fierce counter-offensive, with Party media department chairman Pawan Khera calling the framework a "humiliating failure," alleging that India had opened its agricultural market under American pressure and halted imports of R
India agreed to open agriculture, dairy sectors to US players? Piyush Goyal answers
Earlier, Piyush Goyal shared the details of the deal that followed a framework interim trade agreement between the two countries, aimed at boosting exports, jobs and market access. The trade deal will formally be signed in March.
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