Markets have imperfections and nations try to extract more than pure economic advantage from international trade. The World Trade Organization was one such concerted attempt to put together a rules-based regime. The recently-announced India-US trade deal must be seen against the backdrop of this changing world. The third condition seemingly agreed upon by India is duty-free (zero tariffs) entry for all US goods coming into India. Despite the paucity of details, a few remarks are in order regarding the trade deal.

Source: The Telegraph February 05, 2026 02:30 UTC