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US-India Trade Deal Amid Tariff Cuts and Tensions

2/7/2026

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US-India Trade Agreement
  • The United States and India announced an interim trade framework on February 6, 2026.
  • India agreed to reduce tariffs on United States goods.
  • India dismissed Pakistan's allegations tying it to a mosque bombing in Islamabad that killed 31.
  • Iran's Foreign Minister said negotiations with the United States were positive.
  • The Reserve Bank of India kept the repo rate at 5.25%.
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