economy

February 7, 2026

U.S. and India unveil framework of interim trade deal, move closer to broad pact

The U.S. and India on Friday released a framework for an interim trade agreement they said affirms their commitment to negotiations toward a broader deal.

U.S. and India unveil framework of interim trade deal, move closer to broad pact

TL;DR

  • The U.S. and India have released an interim trade framework, aiming for a broader bilateral trade agreement.
  • The deal includes reduced U.S. tariffs on Indian goods and India's commitment to reduce purchases of Russian oil.
  • India agreed to purchase $500 billion in U.S. goods over five years and eliminate/reduce tariffs on U.S. industrial and agricultural products.
  • The U.S. will apply an 18% tariff on most imports from India, including textiles, apparel, and leather goods.
  • India will receive similar tariff relief for certain aircraft and aircraft parts as other allied nations.
  • Strategic concerns, including competition with China and supply-chain diversification, have accelerated trade talks.

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