US EditionJaishankar Says India-US Trade Deal Agreed, Expect ‘Strategic’ Engagement Now
The interim trade framework commits India to purchase $500 billion in U.S. goods over five years and reduces U.S. tariffs on Indian products to 18%, enhancing bilateral economic ties.
- On February 7, 2026, External Affairs Minister S. Jaishankar said the interim trade framework with the U.S. is in final stages and expects strategic engagement on defence and energy.
- The framework aims to deepen bilateral economic ties and realign global supply chains, with India agreeing to stop importing Russian Federation oil and diversify energy sourcing.
- Washington agreed to cut reciprocal tariffs to 18%, India will reduce duties on U.S. industrial and agricultural exports, and intends a $500 billion purchase commitment over five years.
- As part of implementation, both sides will promptly execute the framework and work toward finalising an Interim Agreement and a broader Bilateral Trade Agreement, the White House said.
- Technology and defence cooperation will expand, including trade in Graphics Processing Units and data‑centre equipment, with a formal deal expected by mid-March linked to the Bilateral Trade Agreement launched Feb. 13, 2025.
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US tariff rollback, EU deal mark a reset in Indias trade and foreign policy trajectory: Foreign Affairs Expert - The Tribune
Speaking to ANI, Sachdev said the US decision to reduce duties from a peak of 50% to 18% has removed a major irritant in bilateral ties, which had strained relations since April's Liberation Day announcement by US President Donald Trump. India had initially faced a 25% reciprocal tariff, followed by an additional 25% levy linked to its purchase of Russian crude.
US, India Unveil Trade Framework Centered On Aircraft, Energy Deals
The U.S. and India announced an interim trade framework cutting some Indian duties, setting an 18% U.S. reciprocal tariff with conditional relief, and spotlighting massive aircraft and energy purchase commitments as they work toward a broader deal.
Hastings Tribune
India and US release a framework for an interim trade agreement to reduce Trump tariffs
India and the United States have released a framework for an interim trade agreement to lower tariffs on Indian goods. The joint statement, released Friday, follows U.S. President Donald Trump's announcement to reduce import tariffs on India. This comes six…
India and US release a framework for an interim trade agreement to red
NEW DELHI (AP) — India and the United States released a framework for an interim trade agreement to lower tariffs on Indian goods, which Indian opposition accused of favoring Washington. The joint statement, released Friday, came after U.S. President Donald Trump announced his plan last week to reduce import tariffs on the South Asian country, six months after imposing steep taxes to press New Delhi to cut its reliance on cheap Russian crude . U…
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