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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