India-US Trade Deal: Tariffs Cut on $31 Billion Exports, Some Goods Still Face Duties

• India offers quota-based tariff concessions in automotive, market access for liquor to US.
• Tariffs on $30.94 billion Indian exports reduced from 50% to 18%, retaliatory duties on $10.03 billion eliminated.
• No additional US tariffs on $1.36 billion Indian agricultural exports including spices, tea, coffee.
• India not offering tariff concessions to US on electric vehicles; phased timeline for medical devices.
• Textile and gems & jewelry exports to US see tariff reductions to 18%, with some items getting zero-duty access.