India and US Reach Interim Trade Agreement with Tariff Reductions and Farmer Safeguards

India and the US have reached a framework for an interim trade agreement aimed at reducing tariffs and boosting bilateral trade. The deal lowers US tariffs on Indian goods to 18%, offering Indian exporters a competitive edge, while India will reduce duties on various US industrial and agricultural products. Key sensitive sectors like dairy, wheat, rice, and genetically modified crops remain protected, with safeguards to shield Indian farmers. The agreement is expected to be signed by mid-March, with both sides emphasizing mutual benefits amid some opposition concerns and planned protests.