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India-US Trade Deal: Commerce and Industry Minister Piyush Goyal has said the interim trade agreement with the United States has been designed to protect Indian farmers while providing duty-free access to several sectors, including agriculture and MSMEs, in the American market.
India and the US earlier on Saturday announced that they had agreed on a framework for the interim pact and would continue discussions on a full Bilateral Trade Agreement. The BTA talks were launched in February 2025 and the final agreement is expected by March this year.
Addressing a press conference later in the day, Goyal said all sensitive items had been kept out of the deal. “We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal,” he said.
<img alt="Image" src="https://pbs.twimg.com/media/HAhtNX7bkAAGz4w?format=jpg&amp;name=large" />
Source: Ministry of Commerce
<h2>No tariff relief on sensitive farm, dairy items</h2>
Goyal said India has not offered any tariff concessions to the US on key agricultural and dairy products. “No genetically modified items will enter India, and no tariff relief has been given on meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits such as bananas, strawberries, cherries, citrus fruits, green pea, kabuli chana, moong, oilseeds, ethanol and tobacco,” he said.
<img alt="Image" src="https://pbs.twimg.com/media/HAhtNYFacAAvUBi?format=jpg&amp;name=large" />
Source: Ministry of Commerce
Elaborating on the benefits of the agreement, Goyal said the interim deal has been widely welcomed across the country, particularly by small exporters and artisans. “Considering how the interests of our farmers and the dairy sector have been protected, I believe the joint statement between India and the United States has been welcomed in every corner of the country,” he said.
Citing an example, Goyal said he watched a video of a handicrafts artisan from Sambhal in Uttar Pradesh, who welcomed the tariff cut. “He said the tariff has now come down to 18 per cent, and that new orders will come in and business will grow,” the minister mentioned.
<img alt="Image" src="https://pbs.twimg.com/media/HAhtNYGawAAfULf?format=jpg&amp;name=large" />
Source: Ministry of Commerce
Goyal also explained how Indian exporters will have a significant advantage as New Delhi faces lower tariffs than its competitors and neighbouring countries.
<h2>Zero duty for gems, pharma, smartphones and agri exports</h2>
The minister said several Indian exports will now enter the US market at zero duty, with duties reduced from as high as 50 per cent to zero. “There are several items on which zero duty will now be levied when our exporters send goods to the United States,” Goyal said.
<blockquote>It is a big thrust to MSMEs employing a large number of women and youth.
With exports from labour intensive sectors like textiles &amp; apparel, leather &amp; footwear, toys, and gems &amp; jewellery to the US set to scale, lakhs of jobs will be created while boosting domestic… <a href="https://t.co/p25DGN5QCd">pic.twitter.com/p25DGN5QCd</a>
— Piyush Goyal (@PiyushGoyal) <a href="https://twitter.com/PiyushGoyal/status/2020051188444782718?ref_src=twsrc%5Etfw">February 7, 2026</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>These include gems and diamonds, pharmaceutical products, generic drugs, smartphones, aircraft parts, machinery parts, some auto components, platinum, clocks and watches, essential oils, home décor items such as chandeliers and lamp parts, some inorganic chemicals, and select paper, plastic and wood products.
Also Read: <a href="http://zeebiz.com/economy-infra/news-interim-india-us-trade-deal-contours-non-trade-barriers-to-be-addressed-digital-trade-in-spotlight-final-pact-likely-by-march-390004">Interim India-US trade deal framework ready! 'Non-trade barriers' to be addressed—Final pact likely by March</a>  
<h2>Agri exports to get duty-free access</h2>
In agriculture, Goyal said zero reciprocal tariffs will apply to multiple products. “Several agricultural exports will see zero duty from 50 per cent, such as spices, tea, coffee, copra, coconuts and coconut oil, vegetable wax, areca nut, Brazil nuts, cashew nuts, chestnuts, and several fruits and vegetables,” he said.
These include avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, vegetable sap, vegetable roots, barley and certain processed food items.
<h2>Auto parts, aircraft components among key beneficiaries</h2>
Goyal said India will get zero duty on several auto components, while others will fall under the 18 per cent tariff category. “We will get zero duty for some auto parts, while others will fall under the 18 per cent tariff category. Half of our auto parts exports will benefit from the zero-duty category,” he said.
He also said Boeing and Airbus are major buyers of aircraft parts from India and are increasingly viewing the country as a key manufacturing hub.
“Both companies are looking at India as their largest foreign original equipment manufacturer,” he said.
High-end cars, motorcycles to see tariff changes
Cars with an engine capacity of over 3,000 cc will eventually be imported at a 30 per cent tariff, though they will attract a 50 per cent duty for now, sources said. Zero duty will apply to exports worth $40 billion, while exports valued at $4 billion will receive immediate exemption. Harley-Davidson motorcycles with engine capacities between 800 cc and 1,600 cc will attract zero duty, while import duties on other high-end motorcycles have been reduced.
<h2>Where India has reduced tariffs</h2>
The minister acknowledged that India has reduced or removed tariffs on items that it does not produce domestically or does not produce in sufficient quantities. “Some items will see tariffs being removed immediately, while others will see tariffs removed in a phased manner, and some will have quota-based tariffs,” Goyal said.
These include apples, Distillers Dried Grains with Solubles (DDGS), wines and spirits (with a minimum import price), pista, walnuts, almonds, select industrial inputs, cancer and heart medicines, neurological drugs, some cosmetics, organic and inorganic chemicals, ICT-related products, computers, and medical equipment.
Also Read: <a href="http://zeebiz.com/economy-infra/news-energy-security-export-competitiveness-at-core-of-india-us-trade-deal-piyush-goyal-389853">Energy security, export competitiveness at core of India-US trade deal: Piyush Goyal</a>
<h2>ICT imports a ‘big win’ for India</h2>
Calling it a significant gain, Goyal said the US has agreed to supply critical ICT products required for India’s growth and national security. “It is a big win for India that the United States has agreed to provide us with various ICT products that we need,” he said.
When asked whether references to “non-market policies of third parties” in the India-US joint statement were aimed at China, Goyal replied, “Those who understand, they know.”
Summing up, Goyal said the interim deal strikes the right balance between export growth and domestic protection. “Considering how the interests of our farmers and the dairy sector have been protected, I believe this interim agreement is balanced and in India’s national interest,” he said.

India-US Trade Deal: Commerce and Industry Minister Piyush Goyal has said the interim trade agreement with the United States has been designed to protect Indian farmers while providing duty-free access to several sectors, including agriculture and MSMEs, in the American market.India and the US earlier on Saturday announced that they had agreed on a framework for the interim pact and would continue discussions on a full Bilateral Trade Agreement. The BTA talks were launched in February 2025 and the final agreement is expected by March this year.Addressing a press conference later in the day, Goyal said all sensitive items had been kept out of the deal. “We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal,” he said.Source: Ministry of CommerceNo tariff relief on sensitive farm, dairy itemsGoyal said India has not offered any tariff concessions to the US on key agricultural and dairy products. “No genetically modified items will enter India, and no tariff relief has been given on meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits such as bananas, strawberries, cherries, citrus fruits, green pea, kabuli chana, moong, oilseeds, ethanol and tobacco,” he said.Source: Ministry of CommerceElaborating on the benefits of the agreement, Goyal said the interim deal has been widely welcomed across the country, particularly by small exporters and artisans. “Considering how the interests of our farmers and the dairy sector have been protected, I believe the joint statement between India and the United States has been welcomed in every corner of the country,” he said.Citing an example, Goyal said he watched a video of a handicrafts artisan from Sambhal in Uttar Pradesh, who welcomed the tariff cut. “He said the tariff has now come down to 18 per cent, and that new orders will come in and business will grow,” the minister mentioned.Source: Ministry of CommerceGoyal also explained how Indian exporters will have a significant advantage as New Delhi faces lower tariffs than its competitors and neighbouring countries.Zero duty for gems, pharma, smartphones and agri exportsThe minister said several Indian exports will now enter the US market at zero duty, with duties reduced from as high as 50 per cent to zero. “There are several items on which zero duty will now be levied when our exporters send goods to the United States,” Goyal said.It is a big thrust to MSMEs employing a large number of women and youth.With exports from labour intensive sectors like textiles &amp; apparel, leather &amp; footwear, toys, and gems &amp; jewellery to the US set to scale, lakhs of jobs will be created while boosting domestic… pic.twitter.com/p25DGN5QCd— Piyush Goyal (@PiyushGoyal) February 7, 2026These include gems and diamonds, pharmaceutical products, generic drugs, smartphones, aircraft parts, machinery parts, some auto components, platinum, clocks and watches, essential oils, home décor items such as chandeliers and lamp parts, some inorganic chemicals, and select paper, plastic and wood products.Also Read: Interim India-US trade deal framework ready! 'Non-trade barriers' to be addressed—Final pact likely by March  Agri exports to get duty-free accessIn agriculture, Goyal said zero reciprocal tariffs will apply to multiple products. “Several agricultural exports will see zero duty from 50 per cent, such as spices, tea, coffee, copra, coconuts and coconut oil, vegetable wax, areca nut, Brazil nuts, cashew nuts, chestnuts, and several fruits and vegetables,” he said.These include avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, vegetable sap, vegetable roots, barley and certain processed food items.Auto parts, aircraft components among key beneficiariesGoyal said India will get zero duty on several auto components, while others will fall under the 18 per cent tariff category. “We will get zero duty for some auto parts, while others will fall under the 18 per cent tariff category. Half of our auto parts exports will benefit from the zero-duty category,” he said.He also said Boeing and Airbus are major buyers of aircraft parts from India and are increasingly viewing the country as a key manufacturing hub.“Both companies are looking at India as their largest foreign original equipment manufacturer,” he said.High-end cars, motorcycles to see tariff changesCars with an engine capacity of over 3,000 cc will eventually be imported at a 30 per cent tariff, though they will attract a 50 per cent duty for now, sources said. Zero duty will apply to exports worth $40 billion, while exports valued at $4 billion will receive immediate exemption. Harley-Davidson motorcycles with engine capacities between 800 cc and 1,600 cc will attract zero duty, while import duties on other high-end motorcycles have been reduced.Where India has reduced tariffsThe minister acknowledged that India has reduced or removed tariffs on items that it does not produce domestically or does not produce in sufficient quantities. “Some items will see tariffs being removed immediately, while others will see tariffs removed in a phased manner, and some will have quota-based tariffs,” Goyal said.These include apples, Distillers Dried Grains with Solubles (DDGS), wines and spirits (with a minimum import price), pista, walnuts, almonds, select industrial inputs, cancer and heart medicines, neurological drugs, some cosmetics, organic and inorganic chemicals, ICT-related products, computers, and medical equipment.Also Read: Energy security, export competitiveness at core of India-US trade deal: Piyush GoyalICT imports a ‘big win’ for IndiaCalling it a significant gain, Goyal said the US has agreed to supply critical ICT products required for India’s growth and national security. “It is a big win for India that the United States has agreed to provide us with various ICT products that we need,” he said.When asked whether references to “non-market policies of third parties” in the India-US joint statement were aimed at China, Goyal replied, “Those who understand, they know.”Summing up, Goyal said the interim deal strikes the right balance between export growth and domestic protection. “Considering how the interests of our farmers and the dairy sector have been protected, I believe this interim agreement is balanced and in India’s national interest,” he said.

Trade minister Piyush Goyal's statement comes as India and the US earlier on Saturday announced that they had agreed on a framework for the interim pact and would continue discussions on a full Bilateral Trade Agreement. 

India-US Interim Trade Deal: Zero duty for gems, pharma, agri exports; farmers fully protected, says Piyush Goyal

news-india-us-interim-trade-deal-zero-duty-for-gems-pharma-agri-exports-farmers-fully-protected-says-piyush-goyal-390014

India-US Trade Deal: Commerce and Industry Minister Piyush Goyal has said the interim trade agreement with the United States has been designed to protect Indian farmers while providing duty-free access to several sectors, including agriculture and MSMEs, in the American market. India and the US earlier on Saturday announced that they had agreed on a framework for the interim pact and would continue discussions on a full Bilateral Trade Agreement. The BTA talks were launched in February 2025 and the final agreement is expected by March this year. Addressing a press conference later in the day, Goyal said all sensitive items had been kept out of the deal. “We have not included any item where any Indian farmer will be hurt. All sensitive items have been kept out of the deal,” he said. Source: Ministry of Commerce No tariff relief on sensitive farm, dairy items Goyal said India has not offered any tariff concessions to the US on key agricultural and dairy products. “No genetically modified items will enter India, and no tariff relief has been given on meat, poultry, dairy, soybean, maize, rice, wheat, sugar, millets, fruits such as bananas, strawberries, cherries, citrus fruits, green pea, kabuli chana, moong, oilseeds, ethanol and tobacco,” he said. Source: Ministry of Commerce Elaborating on the benefits of the agreement, Goyal said the interim deal has been widely welcomed across the country, particularly by small exporters and artisans. “Considering how the interests of our farmers and the dairy sector have been protected, I believe the joint statement between India and the United States has been welcomed in every corner of the country,” he said. Citing an example, Goyal said he watched a video of a handicrafts artisan from Sambhal in Uttar Pradesh, who welcomed the tariff cut. “He said the tariff has now come down to 18 per cent, and that new orders will come in and business will grow,” the minister mentioned. Source: Ministry of Commerce Goyal also explained how Indian exporters will have a significant advantage as New Delhi faces lower tariffs than its competitors and neighbouring countries. Zero duty for gems, pharma, smartphones and agri exports The minister said several Indian exports will now enter the US market at zero duty, with duties reduced from as high as 50 per cent to zero. “There are several items on which zero duty will now be levied when our exporters send goods to the United States,” Goyal said. It is a big thrust to MSMEs employing a large number of women and youth. With exports from labour intensive sectors like textiles apparel, leather footwear, toys, and gems jewellery to the US set to scale, lakhs of jobs will be created while boosting domestic… pic.twitter.com/p25DGN5QCd — Piyush Goyal (@PiyushGoyal) February 7, 2026 These include gems and diamonds, pharmaceutical products, generic drugs, smartphones, aircraft parts, machinery parts, some auto components, platinum, clocks and watches, essential oils, home décor items such as chandeliers and lamp parts, some inorganic chemicals, and select paper, plastic and wood products. Also Read: Interim India-US trade deal framework ready! Non-trade barriers to be addressed—Final pact likely by March   Agri exports to get duty-free access In agriculture, Goyal said zero reciprocal tariffs will apply to multiple products. “Several agricultural exports will see zero duty from 50 per cent, such as spices, tea, coffee, copra, coconuts and coconut oil, vegetable wax, areca nut, Brazil nuts, cashew nuts, chestnuts, and several fruits and vegetables,” he said. These include avocados, bananas, guavas, mangoes, kiwis, papaya, mushrooms, vegetable sap, vegetable roots, barley and certain processed food items. Auto parts, aircraft components among key beneficiaries Goyal said India will get zero duty on several auto components, while others will fall under the 18 per cent tariff category. “We will get zero duty for some auto parts, while others will fall under the 18 per cent tariff category. Half of our auto parts exports will benefit from the zero-duty category,” he said. He also said Boeing and Airbus are major buyers of aircraft parts from India and are increasingly viewing the country as a key manufacturing hub. “Both companies are looking at India as their largest foreign original equipment manufacturer,” he said. High-end cars, motorcycles to see tariff changes Cars with an engine capacity of over 3,000 cc will eventually be imported at a 30 per cent tariff, though they will attract a 50 per cent duty for now, sources said. Zero duty will apply to exports worth $40 billion, while exports valued at $4 billion will receive immediate exemption. Harley-Davidson motorcycles with engine capacities between 800 cc and 1,600 cc will attract zero duty, while import duties on other high-end motorcycles have been reduced. Where India has reduced tariffs The minister acknowledged that India has reduced or removed tariffs on items that it does not produce domestically or does not produce in sufficient quantities. “Some items will see tariffs being removed immediately, while others will see tariffs removed in a phased manner, and some will have quota-based tariffs,” Goyal said. These include apples, Distillers Dried Grains with Solubles (DDGS), wines and spirits (with a minimum import price), pista, walnuts, almonds, select industrial inputs, cancer and heart medicines, neurological drugs, some cosmetics, organic and inorganic chemicals, ICT-related products, computers, and medical equipment. Also Read: Energy security, export competitiveness at core of India-US trade deal: Piyush Goyal ICT imports a ‘big win’ for India Calling it a significant gain, Goyal said the US has agreed to supply critical ICT products required for India’s growth and national security. “It is a big win for India that the United States has agreed to provide us with various ICT products that we need,” he said. When asked whether references to “non-market policies of third parties” in the India-US joint statement were aimed at China, Goyal replied, “Those who understand, they know.” Summing up, Goyal said the interim deal strikes the right balance between export growth and domestic protection. “Considering how the interests of our farmers and the dairy sector have been protected, I believe this interim agreement is balanced and in India’s national interest,” he said.

Trade minister Piyush Goyals statement comes as India and the US earlier on Saturday announced that they had agreed on a framework for the interim pact and would continue discussions on a full Bilateral Trade Agreement. 