<h1>India US interim trade agreement reduces bilateral tariffs, expands market access, and ties concessions to stopping Russian oil imports.</h1> A framework for an Interim Trade Agreement sets reciprocal tariff adjustments and prompt implementation toward a Bilateral Trade Agreement, reducing US duties on many Indian goods to 18% and requiring India to eliminate or lower tariffs on specified US industrial and agricultural products. The joint statement conditions concessions on India's commitment to cease direct or indirect imports of Russian oil, with the US reserving the right to reimpose a 25% additional duty if that commitment is breached.