https://www.taxtmi.com/news?id=69903 The India-US trade understanding reduces US duties on many Indian goods to 18% and provides tariff concessions through immediate eliminations, phased reductions and quota based measures, while preserving explicit safeguards excluding duty free access for sensitive agricultural and dairy products. The deal aims to boost labour intensive exports (apparel, footwear, gems and jewellery, leather, plastics, home decor) and includes a multi year procurement commitment by India for US goods, with detailed modalities to be set out in a joint statement. en-us Tue, 03 Feb 2026 21:16:04 +0530 Tue, 03 Feb 2026 21:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69903 The India-US trade understanding reduces US duties on many Indian goods to 18% and provides tariff concessions through immediate eliminations, phased reductions and quota based measures, while preserving explicit safeguards excluding duty free access for sensitive agricultural and dairy products. The deal aims to boost labour intensive exports (apparel, footwear, gems and jewellery, leather, plastics, home decor) and includes a multi year procurement commitment by India for US goods, with detailed modalities to be set out in a joint statement. News - Tue, 03 Feb 2026 21:16:04 +0530 https://www.taxtmi.com/news?id=69903