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The United States and India will move in the coming weeks to finalise an interim trade agreement.
India will cut or eliminate tariffs on all US industrial goods and many agricultural imports.
KEY POINTS
- India will remove its digital services tax and negotiate new bilateral digital trade rules with the US.
- The US will lower its reciprocal tariff on India from 25% to 18% after India's Russian oil shift.
- India has committed to purchasing over $500 billion in US energy, technology, and other products.
- The interim agreement includes commitments to align economic security and coordinate on supply chain resilience.
COMPANIES
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