The much-anticipated US–India trade deal was concluded on February 02, 2026. India had been seeking a lucrative agreement with President Trump since the beginning of his second term. However, this period was marked by sweeping tariffs, including a 10% baseline tariff on all global imports and reciprocal tariffs on 57 countries deemed “worst offenders.” These measures were applied not only to competitors but also to allies such as Europe, Australia, Japan, Brazil, India and South Korea. India faced a 25% reciprocal tariff, along with an additional 25% imposed in August 2025 over its continued purchase of Russian oil. The new agreement reduced tariffs on Indian exports from 50% to 18%. While the Indian Government has celebrated the deal as a win-win outcome, details emerging from Trump Administration officials contradict these claims.

The........

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