India-US Trade Deal: America Opens $30 Trillion Market for Indian Exporters

• India and the US finalize an interim trade agreement, hailed as the largest to date.
• US reduces tariffs on Indian goods from 50% to 18%, opening its $30 trillion market.
• Tariffs eliminated on generic pharmaceuticals, gems, diamonds, and aircraft parts; India protects sensitive agricultural products.
• India to reduce tariffs on US industrial products, food, and agricultural goods like soybean oil and wine.
• Both nations agree on primary market access, remove barriers for US medical devices, and boost technology trade.