India-US Trade Deal Countdown Begins: Piyush Goyal Reveals First Steps

• Union Minister Piyush Goyal announced significant progress towards finalizing the first phase of the India-US trade agreement.
• After a joint statement, the US will issue an executive order to reduce tariffs on Indian products from 25% to 18%.
• A detailed legal agreement for the first phase is expected to be signed by mid-March, formalizing the deal.
• India will also reduce import duties on some American goods once the legal document is signed.
• This agreement is crucial for boosting exports and strengthening economic partnership amidst global trade uncertainties.