India and U.S. agree interim trade framework on key goods

India and U.S. agree interim trade framework on key goods

On February 7, 2026, the governments of India and the United States announced an interim trade agreement framework affecting tariffs on multiple categories of goods. The U.S. side agreed to apply a reciprocal tariff rate of 18 percent on specified Indian exports, including textiles, apparel, leather, and certain chemicals.

The interim agreement aims to support mutually beneficial trade relations while broader negotiations continue. Officials described the framework as addressing structural trade issues and opening opportunities for both countries’ industries.

Details of the agreement include tariff adjustments on home decor, machinery parts, and other industrial products. Both sides stated that future discussions would build upon this framework toward a more comprehensive trade deal.