Tuesday, March 17
India and the US agreed on an interim trade framework that expands market access, lowers tariffs and sets the stage for a broader bilateral deal. The framework targets balanced trade, supply chain resilience and deeper technology cooperation. India intends to buy $500 billion of US energy & tech products, aircraft & parts, precious metals, tech products, coking coal over 5 years. ET takes a look:KEY GAINS FOR INDIA18% US tariff, below key competitors$44 b of Indian exports will get duty free access to the USLower duty on critical tech inputs, chips, semiconductor, aircraft, machineryZero duty on spices, tea, coffee, avocado, barley, canary seeds, bakery goods, cocoa & products, sesame seeds, poppy seeds, fruit jams & pastesNo additional duty on Section 232 goods, aircraft a
