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

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CNBC TV18•07-02-2026, 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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