India, Feb. 7 -- The United States and India have finalized a framework for an interim trade deal, days after US President Donald Trump announced the long-delayed pact that has injected fresh momentum into the two countries' strained bilateral ties, media reports said.

The framework was finalized after nearly a year of negotiations. Since taking office, Trump had taken a tough stance against India over alleged unfair trade practices and its purchase of Russian oil.

As previously announced by Trump, the US has reduced the overall 50% tariff-comprising 25% counter-tariffs and the rest linked to Russian oil purchases-to 18%, providing relief for Indian traders.

India's Commerce Minister Piyush Goyal announced on X: "As part of this framew...