From Washington Examiner: President Donald Trump announced on Friday the framework of a trade agreement between the United States and India, under which New Delhi will invest $500 billion in American industries over the next five years, and both parties will reduce tariffs.
In a joint statement, the countries’ leaders said the agreement reaffirms the commitment to ongoing Bilateral Trade Agreement negotiations launched in February 2025 and outlines mutual tariff reductions and increased market access across a wide range of goods.
India will invest in U.S. energy products, aircraft materials, precious metals, technology products, and coking coal over the next 5 years. Both nations will increase trade in technology products, such as graphics processing units and other goods used in data centers, and will expand joint technology cooperation.
India will reduce tariffs on U.S. industrial and agricultural products, while the U.S. will reduce tariffs on Indian goods, with plans to remove tariffs on certain items.
A statement explained that the agreement includes provisions for preferential market access, cooperation on non-tariff barriers, and commitments to strengthen alignment on economic security and supply chain resilience.
The interim agreement aims to improve US-India trade tensions by increasing market access.
Read more at Washington Examiner
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