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India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products.
India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food products.
KEY POINTS
- The US will apply an 18 percent reciprocal tariff on several Indian-origin goods, including textiles and machinery.
- US will remove tariffs on Indian aircraft parts and consider preferential tariff rate quotas for automotive parts.
- India plans to purchase $500 billion worth of US goods, including energy and tech products, over five years.
- Both countries agreed to establish digital trade rules and enhance cooperation on supply chain resilience.
COMPANIES
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