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News in English (USA) / 10.02.2026 / 17:00

Historic Trade Deal Announced Between the United States and India Amid Concerns and Opportunities

The United States and India have announced a historic trade deal that promises significant changes to their bilateral commercial relationship. While the deal has been hailed by some as a major breakthrough, it has also raised concerns, especially among Indian farmers and various industry groups who express skepticism regarding the benefits. As part of the agreement, India is set to relax tariffs on U.S. food and drink imports and is expected to cut the digital services tax. In exchange, the U.S. will lower tariffs on Indian goods, including a potential reduction to 18%. Notably, the deal includes commitments by India to cease Russian oil purchases, a move that has sparked discussions about the implications of reciprocal tariffs. Industry analysts predict that sectors such as aerospace, chemicals, and telecom could see significant benefits, with major players like Boeing and Harley-Davidson poised to gain. However, doubts linger regarding the overall fairness of the deal, as some experts warn it may create vulnerabilities for India in the long run. With many details still awaiting release, the full impact of the trade deal remains to be seen.
The White House (.gov), thehindu.com, BBC, Reuters, Financial Times, Yahoo Finance, goldmansachs.com, NDTV, The Business of Fashion, The Economist