India-US Trade Deal Nears Implementation: Piyush Goyal Reveals Key Details

Business
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Moneycontrol•09-02-2026, 22:41
India-US Trade Deal Nears Implementation: Piyush Goyal Reveals Key Details
- •India-US interim trade deal expected to be implemented this week, with US President potentially issuing an executive order.
- •Tariffs on Indian goods to be reduced from 50% to 18% immediately; full deal by mid-March.
- •Key sectors like textiles, apparel, leather, engineering goods, auto components, and food processing to benefit from reduced duties.
- •Farmers' interests protected: maize, dairy products, and essential food items excluded from concessions.
- •India to import $500 billion worth of goods from US over five years, including crude oil, LNG, coking coal, and aircraft parts.
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