US-India Trade Deal: Cheaper Smartphones, Tech Boost Expected

• US cuts tariffs on Indian goods to 18% from 50%, effective February 2, 2026, in a landmark trade deal.
• India reciprocates by lowering trade barriers and increasing imports of US energy, technology, and agricultural products.
• The agreement aims to stabilize bilateral trade, offering Indian tech companies, especially in electronics and smartphone manufacturing, better market access and cost structures.
• Smartphone exports from India to the US have tripled, with companies like Apple and Foxconn set to benefit from reduced tariffs and improved supply chain efficiency.
• Beyond smartphones, the deal supports broader India-US cooperation in semiconductors, critical minerals, and advanced packaging under TRUST and iCET initiatives.

Why It Matters: The US-India trade deal promises cheaper smartphones and a significant boost for India's tech manufacturing.