ISLAMABAD, Feb. 9 -- Last week's interim trade agreement between the United States (US) and India marks a significant shift in global trade dynamics, with potential repercussions extending beyond the two countries.

Read More: US, India unveil interim trade framework to cut tariffs and deepen ties

Under the joint statement issued on February 6, 2026, the United States agreed to reduce tariffs on Indian goods from 25% to 18%, while India committed to eliminating or significantly lowering tariffs and non-tariff barriers on US industrial goods and a wide range of agricultural products. India also pledged to purchase $500 billion in US goods over the next five years, representing a substantial expansion of market access.

In return, Presiden...