India, US to Sign Trade Deal by March; 18% Tariffs Expected Next Week: Piyush Goyal

• Union Commerce Minister Piyush Goyal announced an interim trade deal between India and the US, expected to be signed by mid-March.
• US likely to issue an executive order reducing tariffs on Indian products from 50% to 18%, effective next week.
• Over half of Indian exports to the US will face zero duties, while 35% will be subject to the reduced 18% tariffs.
• The deal is expected to significantly boost India's textile, leather, footwear, sports goods, furniture, handicrafts, and handloom industries.
• India will purchase $500 billion worth of US products, including GPUs and advanced ICT products, while protecting its agriculture sector.