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IndiaU.S. Trade Package Nears First Signing as Tariff Cut Plan Emerges

Officials target a mid-March signing with tariff relief expected by White House order.

Overview

  • Commerce Minister Piyush Goyal said the first tranche will be signed by mid-March, a joint statement is due within days, and certain U.S. tariffs would drop to 18% via executive order.
  • A second round of UkraineRussiaU.S. talks opened in Abu Dhabi to examine ceasefire options, humanitarian access, and security guarantees.
  • The United States and Iran are set to resume nuclear negotiations in Oman on February 6, according to officials.
  • The government told Parliament it has filed FIRs against 41 Skill India training centres and issued notices to 11 entities after a CAG audit flagged serious lapses.
  • The Pakistan Cricket Board is reportedly weighing a Force Majeure defense as Pakistan signals a possible boycott of the India T20 World Cup match, while India plans to travel to Colombo for the fixture.