US to Cut India Tariffs to 18% This Week, Says Piyush Goyal

• US President Donald Trump is expected to issue an executive order this week to reduce reciprocal tariffs on Indian goods from 50% to 18%.
• The revised duty will come into effect immediately, with the remaining components of the India–US interim trade deal finalized by mid-March.
• Sectors like gems, diamonds, gold jewelry, textiles, apparel, leather, and engineering goods will benefit from reduced duties.
• India aims to purchase $500 billion worth of goods from the US over five years, including crude oil, LNG, coking coal, and aircraft parts.
• Indian farmer interests are protected, with staples like maize, wheat, rice, and dairy products excluded from the deal.