The White House announces U.S.-India interim trade framework
Key points
Framework establishes reciprocal tariff and market access commitments
Agreement advances BTA negotiations and supply chain, standards, and digital trade cooperation
TL;DR
The United States and India reached a framework for an Interim Agreement on reciprocal trade, reaffirming commitment to broader U.S.-India Bilateral Trade Agreement (BTA) negotiations launched Feb 13, 2025.
India will eliminate or reduce tariffs on U.S. industrial goods and a wide range of U.S. food and agricultural products, including DDGs, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits.
The United States will apply an 18 percent reciprocal tariff under Executive Order 14257 on originating Indian goods and may remove reciprocal or national-security tariffs on specified goods subject to conditions and related executive orders; contingent outcomes apply for generic pharmaceuticals.
The agreement includes commitments on non-tariff barriers, standards and conformity assessment discussions, economic security alignment, investment and export control cooperation, expanded technology trade including GPUs, and India intends to purchase $500 billion of U.S. products over five years.
Original text
The United States of America (United States) and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement). Today’s framework reaffirms the countries’ commitment to the broader U.S.-India Bilateral Trade Agreement (BTA) negotiations, launched by President Donald J. Trump and Prime Minister Narendra Modi on February ...