US, India unveil interim trade framework
Digest more
T20 World Cup, India and Pakistan
Digest more
The U.S. and India on Friday released a framework for an interim trade agreement they said affirms their commitment to negotiations toward a broader deal.
India and the United States released a framework for an interim trade agreement to lower tariffs on Indian goods, which Indian opposition accused of favoring Washington.
India will open its market to imports of most US industrial goods and some food products. Indian exports to the US will face an 18 per cent “reciprocal” tariff, according to a joint statement published by New Delhi early on Saturday that sets out more details of the agreement.
India opened their T20 World Cup campaign on a nervy start, managing to defeat Unites States of America by 29 runs after skipper Surya Kumar Yadav's unbeaten 84 took the co-hosts to 161 for 8 after slipping to 71-6.
American crude — primarily of the light, sweet variety — is not the best fit for many Indian refineries that prefer heavy, sour grades. Venezuelan crude might be more suitable, but with production of just 800,000 barrels a day, there’s a lack of supply.
TUESDAY, Feb. 3, 2026 (HealthDay News) — The World Health Organization (WHO) says there is a low risk that the deadly Nipah virus will spread beyond India, where two people tested positive. In an email sent to the Reuters news agency, the WHO said it does not recommend travel or trade restrictions in the wake of the infections.
President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels unloading the crude at its ports.