Under negotiation

India–United States Bilateral Trade Agreement (BTA) and Interim Agreement on Reciprocal Trade

India and the US announced a framework for an Interim Agreement on reciprocal trade on 6–7 February 2026, as a step toward a broader Bilateral Trade Agreement. As of late September 2026 the interim agreement has not been signed; India's External Affairs Minister said on 29 September 2026 that the deal is 'very, very far advanced' but depends on the ongoing US Section 301 process. There is no preferential US tariff for Indian goods yet.

Key points

• Framework announced 6–7 Feb 2026: US cut its reciprocal tariff on India from 25% to 18% and removed a separate 25% Russia-oil-related tariff; India agreed to cut tariffs on US industrial goods and some farm products
• 20 Feb 2026: US Supreme Court held IEEPA does not authorise tariffs, ending the reciprocal tariffs the framework was built on
• Since 24 Jul 2026 Indian goods face a 10% US Section 301 (forced-labour) tariff; see US market note
• Status 29 Sep 2026: not signed; EAM Jaishankar said timing depends on the Section 301 process

Sources · checked 30 Sep 2026: White House – Fact sheet: US and India announce historic trade deal (Feb 2026) · The Tribune – India-US trade deal 'very far advanced', Section 301 remains key issue (29 Sep 2026) · Rajya Sabha answer on FTAs, 20 March 2026 (mirror)