India-US Trade Deal: Tariffs Slashed, $30 Trillion Market Opens for Indian Exporters
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CNBC TV1807-02-2026, 09:36

India-US Trade Deal: Tariffs Slashed, $30 Trillion Market Opens for Indian Exporters

  • US cuts tariffs on India from 50% to 18%, opening a $30 trillion market for Indian exporters.
  • Tariffs on generic pharmaceuticals, gems, diamonds, and aircraft parts will drop to zero.
  • India protects sensitive agri and dairy products, including maize, wheat, rice, and poultry.
  • India to eliminate or reduce tariffs on US industrial goods, food, and agricultural products.
  • India plans to purchase $500 billion in US energy, aircraft, and technology products over five years.

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