India-US Interim Trade Deal 2026: Top 10 Key Points from Joint Statement

1. India and the United States agree on a framework for an interim reciprocal trade agreement.

2. The framework is linked to ongoing broader bilateral trade agreement (BTA) talks launched in Feb 2025.

3. India will eliminate or reduce tariffs on all U.S. industrial goods.

4. India will cut duties on a range of U.S. farm and food products including DDGs, tree nuts, fruits, soybean oil, wine & spirits.

5. The U.S. will apply an 18 % reciprocal tariff on Indian-origin goods under existing executive orders.

6. Upon successful interim deal conclusion, the U.S. will remove reciprocal tariffs on items like pharmaceuticals, gems, diamonds & aircraft parts.

7. Both countries commit to preferential market access in sectors of mutual interest.

8. Trade barriers will be addressed: non-tariff and digital trade issues, standards & conformity with tech goods discussed.

9. India intends to purchase $500 billion of U.S. products over five years, spanning energy, tech, aircraft parts & more.

10. The interim framework reinforces cooperation on supply chain resilience, investment reviews & export controls while paving way toward a full BTA.