India, US strike new trade deal: What's in it?

Business Feb 03, 2026

Big news on the trade front—India and the US just struck a new deal.
The US will cut tariffs on Indian goods from 50% to 18%, while India will open up more to American imports and buy more US energy, tech, and farm products.
This move is all about making trade smoother between the two countries.

What does this mean for you?

If you're shopping for things like laptops, dairy, or pulses, expect prices to drop as American imports get cheaper.
For Indian businesses—especially those exporting textiles, gems, jewelry, or steel—lower US tariffs could mean better access and a stronger shot at competing in the American market.
Overall, both countries are hoping this helps their economies and brings them closer together.