US Mulls Tariff Cut Below 20% in Interim Deal with India: Relief on the Horizon? | US India Trade

US India Trade Deal: In a major development, the United States is reportedly considering an interim trade deal with India that could reduce proposed tariffs to below 20%. While several Asian countries face steep hikes—some up to 50%—India may receive a relatively favorable position. The interim deal would give both countries more time to resolve sensitive issues ahead of a broader pact expected later this year. As Trump’s sweeping tariff regime rattles global markets, India’s negotiators are racing to Washington with red lines drawn.