India-US trade deal, Feb. 7 -- India and the United States on 6 February announced an interim trade framework ahead of their Bilateral Trade Agreement (BTA), with commitment from both sides to broaden trade and reduction in the US reciprocal tariffs to 18%.

This follows the Truth Social announcement by Trump on 3 February, which was also confirmed by Prime Minister Narendra Modi on social media platform X (formerly Twitter). However, at the time, the details of the agreement were not clear. The more comprehensive BTA is still set to follow.

Under the framework, India will eliminate or reduce tariffs on all US industrial goods and a broad set of agricultural and food products, while Washington will in turn apply a reduced reciprocal tari...