India, Feb. 7 -- The White House announced on February 6, 2026, Friday (local time) that the United States and India have reached a framework for an "interim agreement" regarding "reciprocal and mutually beneficial trade ("interim agreement)".

This comes days after the US President Donald Trump announced on Monday that India and the US have reached a trade deal, almost after year-long trade negotiations between the two countries. It was further confirmed by PM Modi who had said that under the trade deal, the reciprocal tariffs on Indian exports to the US will be cut down to 18%.

The joint statement released by the White House claims that India will "eliminate or reduce tariffs on all US industrial goods and a wide range of US food and a...