https://www.taxtmi.com/news?id=69776 The bilateral trade framework commits both governments to reduce tariffs and non tariff barriers, with a reciprocal US tariff rate of 18% for India and stated cooperation on critical minerals, technology, and supply chain resiliency. The announcement remains at a Framework stage: India's USD 500 billion purchase commitment lacks timelines and private sector implementation plans, and specific tariff line and NTM reductions are not disclosed, leaving legal effect contingent on future negotiating texts and implementation agreements. en-us Tue, 03 Feb 2026 11:16:04 +0530 Tue, 03 Feb 2026 11:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69776 The bilateral trade framework commits both governments to reduce tariffs and non tariff barriers, with a reciprocal US tariff rate of 18% for India and stated cooperation on critical minerals, technology, and supply chain resiliency. The announcement remains at a Framework stage: India's USD 500 billion purchase commitment lacks timelines and private sector implementation plans, and specific tariff line and NTM reductions are not disclosed, leaving legal effect contingent on future negotiating texts and implementation agreements. News - Tue, 03 Feb 2026 11:16:04 +0530 https://www.taxtmi.com/news?id=69776