US EditionUS, India unveil interim trade framework, move closer to broad pact
The framework cuts US tariffs on Indian goods from 50% to 18%, opens a $30 trillion market, and aims to boost jobs and technology trade while negotiations continue.
- On Friday , the United States and India released an interim trade framework, moving them closer to a pact, the joint statement said early Saturday.
- Months of tariff pressure and stalled talks prompted negotiators to link the framework to Bilateral Trade Agreement talks launched on Feb. 13, 2025, aiming to realign global supply chains.
- The United States agreed to cut tariffs to 18%, India pledged $500 billion in U.S. purchases over five years, and technology trade will expand to include Graphics Processing Units and data‑centre equipment.
- Piyush Goyal hailed the deal as opening a $30 trillion market and creating large-scale jobs, while opposition parties argued it favors the U.S. and harms farmers.
- More negotiations will be required to finalize a full BTA, with pharmaceutical tariff outcomes depending on the U.S. Section 232 probe and rules of origin set during a six‑month review period for standards.
67 Articles
67 Articles
“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.
US, India announce framework for interim trade deal, including tariff cuts
The U.S. and India announced a framework for an interim trade deal in a joint statement Friday, an agreement the two nations said reaffirms their commitment to broader bilateral trade negotiations. President Trump announced earlier in the week that Indian Prime Minister Narendra Modi had pledged to stop buying Russian oil in exchange for the…
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
