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US-India Announce Interim Trade Framework — White House

© AP Photo / Michael WykePresident Donald Trump shakes hands with Indian Prime Minister Narendra Modi during the "Howdy Modi: Shared Dreams, Bright Futures" event at NRG Stadium, Sunday, Sept. 22, 2019, in Houston
President Donald Trump shakes hands with Indian Prime Minister Narendra Modi during the Howdy Modi: Shared Dreams, Bright Futures event at NRG Stadium, Sunday, Sept. 22, 2019, in Houston - Sputnik International, 1920, 07.02.2026
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The White House said the US and India agreed on a framework for an interim trade arrangement, with further talks planned toward a broader bilateral trade deal.
Under the framework, India would eliminate or reduce tariffs on a range of US industrial and agricultural products. The US would apply an 18% “reciprocal tariff” on certain Indian-origin goods, and — if the interim agreement is successfully concluded — lift the reciprocal tariff on a wider set of items listed in an annex.
The statement also said India intends to purchase $500 billion in US energy, aircraft-related items, technology products and other goods over the next five years.
President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington - Sputnik International, 1920, 28.08.2025
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