India-US Trade Deal: Official Documents on Tariff Cuts to be Exchanged Soon

• Clarity on tariffs between India and the US is expected to increase soon.
• The central government is initiating the process to officially implement new tariffs under the trade deal with the US.
• Official documents are being prepared to implement changes in tariffs.
• The documentation process is expected to be completed soon, clarifying Section 232 tariffs and duties on Indian goods.
• Both countries will soon exchange official documents detailing proposed tariff cuts, reducing tariffs on Indian goods from 50% to 18%.

Why It Matters: India and the US will soon exchange official documents to implement tariff cuts from their recent trade deal.