India US Trade Deal Live: India and the US have finalized an interim trade agreement, reducing US tariffs on Indian goods by 18%. The US has also removed the 25% additional duty imposed on Russian oil purchases. The agreement is part of a broader bilateral trade agreement. India will protect the interests of farmers and plans to buy US goods worth US$500 billion over the next five years.
India US Trade Deal Live: Tariff on India reduced even on paper, India-America issued joint statement
New Delhi. India US Trade Deal Live Updates: The White House announced late on Saturday, February 6 that the US and India have finalized a framework for an "interim agreement" on mutual and win-win trade. This framework is a formal breakthrough after almost a year of negotiations between the two countries. Union Commerce and Industry Minister Piyush Goyal shared a joint statement on social media, highlighting how much greater market access this new framework can open up. He said that under the leadership of Prime Minister Narendra Modi, India has prepared a framework for an interim agreement with the US that will "open up a $30 trillion market for Indian exporters." Read our live blog for up-to-the-minute updates on the India US Trade Deal.
Piyush Goyal Press Briefing Live: Deal on $500 billion bilateral trade
Piyush Goyal told a press conference that talks began in February 2025 for a deal between India and the US with a target of bilateral trade of $ 500 billion every year.
India US Trade Deal Live: Commerce Minister Piyush Goyal's press conference begins
The press conference of Commerce Minister Piyush Goyal has started. He is giving information about the trade deal between India and America.
India US Trade Deal Live: India has competitive edge over rivals like Vietnam and Bangladesh: Amitabh Kant
India's former G-20 Sherpa and former NITI Aayog chief executive Amitabh Kant on Saturday said the new framework for an India-US trade deal will leave India in a better position than competitors like Vietnam and Bangladesh and protect the agriculture and dairy sectors.
India US Trade Deal Live: FICCI President said, an important step towards furthering economic coordination
On the India-US joint statement, FICCI President Anant Goenka said, "The India-US trade agreement is an important step towards advancing economic synergy between the world's two largest democracies. This strategic partnership is designed to reduce tariffs, reduce regulatory barriers and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement will enhance competitiveness, technology access and supply chain flexibility. "It is a timely boost. This is truly a moment to accelerate value creation for India, with India and from India."
India US Trade Deal Live: Commerce Minister Piyush Goyal to hold press conference at 1:30
Union Commerce and Industry Minister Piyush Goyal is scheduled to address a press conference today on the recently released India-US joint statement on the interim trade agreement.
The briefing is expected to begin around 1:30 pm, where ministers can explain the key elements of the agreement, its implications for Indian exporters and the next steps in the bilateral trade process.
India US Trade Deal Live Updates: Industry bodies praise interim tariff agreement
Industry bodies FICCI and PHDCCI have welcomed the India-US trade deal framework, saying it will increase market access for exporters in both countries. "This interim tariff agreement is an important development in the US-India trade relationship, leading to increased market access for exporters in both countries and a stable and comprehensive trade framework," PHDCCI CEO and Secretary General Ranjit Mehta said in a statement.
India US Trade Deal Live Updates: What did Videsh Jaishankar say about this deal?
External Affairs Minister S Jaishankar said, "The framework of an interim agreement will realize a mutually beneficial trade partnership between India and the United States."
Jaishankar further said, "This framework will ensure greater market access and opportunities for our exporters. New avenues have opened up that will further promote 'Make in India'."
The framework for an Interim Agreement will realise a mutually beneficial India - US trade partnership. The framework will ensure greater market access and opportunities for our exporters. New vistas have opened up that will further promote Make in India. 🇮🇳 🇺🇸 https://t.co/FyprbxQ7A0
India US Trade Deal Live Updates: List of items protected under trade deal
Item-wise list of products protected under India-US trade deal revealed by Piyush Goyal
- Frozen Vegetables (Frozen Vegetables)
Other legume vegetables (with or without peel)
Temporarily preserved vegetables such as:
- safe dairy products
India US Trade Deal Live Updates: PM Modi welcomed?
Prime Minister Narendra Modi on Saturday welcomed the India-US Interim Trade Framework, calling it a big boost for relations between the two countries. He said that this is a step that will open new opportunities for Indian workers, farmers and businesses.
Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties between our countries.This framework reflects the growing depth, trust and dynamism of… https://t.co/zs1ZLzamhd