A major trade breakthrough comes as the U.S. and India agree to cut tariffs on goods, with India committing to $500 billion in American purchases over five years.

The U.S. and India announced a framework for an interim trade deal in a joint statement Friday, an agreement the two nations said reaffirms their commitment to broader bilateral trade negotiations.

India to import more soybean oil, reduce tariffs on fruits; dairy sector untouched: Robinder Sachdev on India-US interim agreement

India has completely protected its agriculture and dairy sectors in the trade agreement with the US, Union Commerce Minister Piyush Goyal said on Saturday, February 7, adding that the trade pact will open a USD 30 trillion market for Indian exporters,

India and the United States have released a framework for an interim trade agreement to lower tariffs on Indian goods

President Donald Trump eliminated the extra 25% tariff he had imposed on Indian goods over the country’s purchases of Russian oil, the first step to cement the terms of a trade deal the two nations announced earlier this week.

The United States and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions