Page 56 - English 01-15 March, 2026

INTERNATIONAL | India-USA Interim Trade Agreement

A Confluence of Economic Powers

India-US Trade Agreement

Opens New Opportunities

In the past few years, under the leadership of Prime Minister Narendra Modi, India
has established an active and confident presence in the global trade landscape. The
India-US Trade Agreement is a major step in this direction. This agreement between
the world’s two largest democratic and economic powers will not only provide a
new direction to trade, investment, technology, and supply chains but will also
strengthen the goal of a developed and self-reliant India...

ince Prime Minister Narendra Modi’s visit to range of issues of bilateral and international impor-
the United States in February 2025, regular dis- tance. President Trump subsequently announced
Scussions have been taking place between the a tariff reduction on Indian goods exported to the
two countries to finalise a balanced and mutually United States to 18%. This tariff on Indian goods is
beneficial bilateral trade agreement. Over the past significantly lower than the tariffs imposed by the
year, the two countries have held intensive negoti- United States on many other competing countries.
ations at various levels, leading to a historic trade Prime Minister Narendra Modi welcomed the
agreement while protecting critical and sensitive agreement on a framework for an interim trade
sectors of their respective economies. As a result, agreement between India and the United States.
on February 2nd, Prime Minister Narendra Modi The Prime Minister thanked Donald Trump for
and US President Donald Trump discussed a wide his personal commitment to strengthening ties

54 NEW INDIA SAMACHAR || March 1-15, 2026