US tariffs on India cut to 18%; $30 trillion market access – trade deal explained in 10 points

India and the US have announced a framework for an interim trade agreement, significantly reducing tariffs on Indian goods to 18%. This pact aims to boost bilateral trade, with India committing to substantial purchases of US energy and defense products, while also addressing non-tariff barriers and promoting digital trade.

Feb 7, 2026 - 10:30
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US tariffs on India cut to 18%; $30 trillion market access – trade deal explained in 10 points
India and the US have announced a framework for an interim trade agreement, significantly reducing tariffs on Indian goods to 18%. This pact aims to boost bilateral trade, with India committing to substantial purchases of US energy and defense products, while also addressing non-tariff barriers and promoting digital trade.

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