India-US Trade Deal: Piyush Goyal on Russia Oil, Tariff Cuts, and Future BTA

• Union Minister Piyush Goyal briefed media on the interim India-US trade agreement.
• India and the US announced a framework for a mutually beneficial interim trade deal.
• The framework reiterates commitment to negotiations for a Bilateral Trade Agreement (BTA).
• US will now impose an 18% tariff on goods imported from India, down from 25%.
• This tariff reduction covers textiles, leather, plastics, chemicals, home decor, and machinery.