India-US trade deal, Feb. 9 -- Commerce and Industry Minister Piyush Goyal on Monday said the recently announced 18% tariffs imposed by the US are likely to come into effect starting next week.

Speaking to CNBC-TV18, Goyal explained that the new tariff regime would begin once the White House signs an executive order. He added that United States Trade Representative (USTR) Jamieson Greer will likely visit India in March to sign a legal document formalising the deal.

Goyal's remarks came after the two nations unveiled a framework for an interim trade agreement on 7 February. The India-US trade agreement aims to bring down trade barriers, reduce tariffs, and open market access for both sides. The interim deal focuses on giving immediate re...