US, India to Exchange Official Documents on Trade Deal, Tariff Cut Soon
India
M
Moneycontrol•03-02-2026, 09:09
US, India to Exchange Official Documents on Trade Deal, Tariff Cut Soon
- •The Central government is preparing official documentation for tariff changes announced by US President Donald Trump.
- •The documentation will clarify Section 232 tariffs and duties on Indian goods.
- •Both countries will soon exchange official documents detailing proposed tariff reductions.
- •US President Donald Trump and PM Narendra Modi announced a trade deal on February 2.
- •Tariffs on Indian goods are expected to drop from 50 percent to 18 percent as part of the deal.
Why It Matters: US and India are set to formalize a trade deal with significant tariff reductions on Indian goods.
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