business / news / / Free Press Journal
India and the United States unveiled an interim trade agreement today.
The US will slash tariffs on Indian goods to 18% in key sectors like textiles and apparel.
KEY POINTS
- Certain Indian exports, like generic pharmaceuticals and gems, will have US tariffs waived entirely.
- Sensitive Indian agricultural products remain fully protected from US market access under the interim deal.
- The US requires India to end Russian oil imports as a condition for removing some tariffs.
- The Bilateral Trade Agreement will be negotiated in stages, with the first draft releasing in March.
COMPANIES
Summarized by Newsio from Free Press Journal. How we summarize →