India-US trade deal, Feb. 7 -- India and the United States on 6 February announced an interim trade framework agreement, with commitment from both countries to broaden trade, and reduction in the US reciprocal tariffs to 18% from earlier 50%.

A joint statement issued by India and the US said the interim agreement "will represent a historic milestone in our countries' partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes".

Notably, this comes almost a year after US President Donald Trump and Prime Minister Narendra Modi began negotiations on the broader US-India Bilateral Trade Agreement (BTA) on 13 February 2025.

The joint statement further said that India and th...