Overview
- The United States announced a reciprocal tariff on Indian goods reduced to 18% and removed the additional 25% levy tied to Russian oil purchases.
- USTR Jamieson Greer said India would drop tariffs to zero on virtually all U.S. industrial goods and lower duties on selected farm products including tree nuts, wine, and certain fruits and vegetables.
- Commerce Minister Piyush Goyal told Parliament that sensitive sectors such as agriculture and dairy were protected during the negotiations.
- Formal documentation and product-level schedules have not been published, and assertions such as a $500 billion purchase commitment and an end to Russian oil buying remain unconfirmed or disputed.
- Farmer groups and opposition parties in India announced protests and demanded details, while officials indicated technical finalization and a joint statement would follow in the coming days.