India secured a permanent 10% US tariff on most of its exports, avoiding the initially proposed 12.5% rate. This deal covers approximately 70% of Indian exports to the US, effective June 2026. In return, New Delhi committed to reducing its own tariffs on US industrial goods, food, and agricultural products. Commerce Minister Piyush Goyal ensured India retains a tariff advantage over China. The additional 25% tariff on imports related to Russian oil purchases was lifted in February 2026. Negotiations for a more comprehensive Bilateral Trade Agreement are still ongoing.
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