India-US Trade Deal: Half of Indian Exports to US Could Become Tariff-Free

• Proposed interim trade deal could make nearly half of India's $44 billion exports to the US duty-free.
• Approximately $14 billion worth of Indian products currently subject to duties could face zero tax after the deal.
• US recently removed additional duties on Indian products, reducing tariffs by up to 25 percent, citing India's assurance to reduce Russian oil imports.
• Another US executive order is expected to further reduce tariffs to 18 percent, boosting competitiveness for Indian exporters.
• Agricultural products (spices, tea, coffee) and industrial goods (generic medicines, auto components) are set to benefit from zero duty.