India, Feb. 3 -- The US has agreed to cut tariffs on Indian goods to 18 per cent, down from as high as 50 per cent.

The new trade deal could see India purchasing up to $500 billion in American goods.

This move is expected to boost Indian exports, particularly in the solar sector.

Questions remain about the specifics of the agreement.

The United States (US) on February 3, 2026 agreed to cut tariffs on Indian goods to 18 per cent, down from the high of 50 per cent. US President Donald Trump said that India could buy up to $500 billion worth of American goods, including energy and technology, under a framework trade agreement announced after a call with Prime Minister Narendra Modi.

This came on the heels of India's free trade agreement...