India, Feb. 7 -- India and the United States have finalised their interim trade deal, which would bring down tariffs against New Delhi to a final 18 per cent. In the text shared by Union commerce minister Piyush Goyal, the framework between India and the US "represents a historic milestone in our countries' partnership."

Among some of the key highlights in the interim framework is the reduction of US tariffs on Indian goods. India was facing a 50 per cent tariff, of which 25 per cent was added as a penalty to New Delhi's purchase of Russian oil. Follow live updates here.

Published by HT Digital Content Services with permission from Hindustan Times....