US and India Announce Interim Trade Deal to Advance Bilateral Trade Agreement Talks
Summary
The United States and India have announced an interim trade agreement to advance bilateral trade negotiations, including tariff reductions and expanded cooperation in technology and energy sectors.
Key Points
- The US and India signed an interim trade agreement to progress bilateral trade agreement talks.
- India will reduce tariffs on various US industrial and agricultural products.
- The US will impose reciprocal tariffs of 18% on Indian goods in sectors including textiles and machinery.
- Both countries intend to increase trade in technology products and cooperate on digital trade rules.
