India-US Trade Deal: Zero Tariff on Indian Clothes in US Market Soon?

• Union Minister Piyush Goyal announced potential 'zero reciprocal tariff' on Indian cotton clothes in the US.
• This interim trade agreement is expected to be signed around March, benefiting Indian garment exporters.
• US retaliatory tariff on Indian textile exports could drop from 25% to 18%, with zero duty for US cotton-made clothes.
• Farmers' interests protected as 90-95% of Indian agricultural products are excluded from the deal.
• Concessions on products like almonds, walnuts, and apples are under Tariff-Rate Quotas to protect domestic farmers.