The White House has announced a new U.S.–India Interim Trade Agreement framework aimed at expanding market access and lowering tariffs. Key points include:
India will reduce or remove tariffs on U.S. industrial and agricultural goods such as fruits, soybean oil, wine, and spirits.
The U.S. will apply an 18% tariff on select Indian goods, with some tariffs, like those on aircraft parts, set to be removed once the agreement is finalized.
Both countries have committed to moving quickly to implement the framework and continue negotiations toward a full Bilateral Trade Agreement.
Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates.