US EditionSaving the Dollar: Why Trump’s India Deal Matters More to the US
The framework reduces U.S. tariffs to 18%, secures $500 billion in Indian purchases over five years, and lifts penalties related to India's Russian oil imports, aiming to reinforce dollar trade ties.
- 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.
- Commerce Minister Piyush Goyal said the deal opens a $30 trillion market for Indian farmers and MSMEs, protects sensitive agriculture, and both sides aim for a March timeline for a formal bilateral trade agreement.
- By securing strategic purchases and Buy American commitments, analysts argue the deal recalibrates Indo-Pacific strategic stakes to counter de-dollarisation trends and undercut the EU-India pact.
22 Articles
22 Articles
"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.
India-US trade deal: Read full text of joint statement
India and the US have inked a landmark trade pact, slashing tariffs on Indian goods entering America from 50% to 18%. This agreement, following months of talks, will boost Indian exports like textiles and apparel, while India will reduce duties on US industrial and farm products. Both nations ...
White House Shares Joint Statement on India–US Interim Trade Pact, Here’s What the Deal Includes
The White House released a joint statement outlining the India–US interim trade pact, featuring tariff cuts, expanded market access, oil commitments and a roadmap towards a broader bilateral trade agreement.
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