U.S. and India Establish Interim Trade Agreement Framework
Impact Score: 3.2
Timeline: Within six months for standards acceptance decisions; ongoing purchases over next 5 years
Summary: The U.S. and India have agreed on an Interim Agreement framework to advance balanced trade, including tariff reductions, market access improvements, and cooperation on export controls and economic security. India will reduce tariffs on U.S. industrial and agricultural products, while the U.S. will apply reciprocal tariffs on certain Indian goods and remove tariffs on others, subject to negotiation outcomes. The agreement addresses digital trade, supply chain resilience, and includes India’s plan to purchase $500 billion of U.S. goods over five years. Key risks involve export control compliance, investment review scrutiny, and geopolitical realignment.
Key Actions: Monitor export and investment review impacts, review partnerships with Indian entities for compliance, assess procurement exposure to tariff changes, support regulatory tracking at VUMC, and increase training on export control and digital trade requirements.
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