<h1>India US Interim Agreement framework boosts MSME global value chain access, lowers tariffs and expands market commitments</h1> The India-US Interim Agreement framework reduces bilateral trade barriers and prescribes tariff and procurement commitments to integrate MSMEs into global value chains. The US will cut tariffs on specified Indian goods to 18% from about 50%, while India will eliminate or reduce import duties on a wide range of US industrial and agricultural products, enabling lower business and consumer costs. The framework includes a USD 500 billion intended purchase commitment for US energy, aircraft, technology and other goods, and preserves targeted safeguards for sensitive farm and dairy products, while promoting joint technology cooperation to expand digital services and AI-related trade opportunities.