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03 Feb 2026
'Devil in the details': India-U.S. deal raises hopes for a reset — but the fine print remains unclear
Summary
The U.S. and India announced a trade deal, lowering reciprocal tariffs on India to 18% and reducing India’s tariffs on U.S. goods to zero. While the deal offers relief to India, concerns remain about the lack of details and a clear timeline for implementation. Analysts believe the deal is a positive step towards restoring stability in U.S.-India relations, but it may not fully erase the strategic mistrust that developed over the past year.