Between the lines: Decoding the India-US joint statement

India-US interim trade deal: Tariff cuts, market access, supply chains and what the joint statement really means

The India-US joint statement issued on Saturday morning finally gives much awaited details about the broad contours of the engagement over trade between the two countries. HT annotates the statement to put specific key details in context.

The India-US joint statement issued on Saturday morning finally gives much awaited details about the broad contours of the engagement over trade between the two countries (Shutterstock)

The United States of America (United States) and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (Interim Agreement). Today’s framework reaffirms the countries’ commitment to the broader US-India Bilateral Trade