If the current interim trade framework progresses toward a broader bilateral agreement, it suggests that the surplus could exceed $90 billion annually if export expansion materialises alongside increased imports.
President Trump revealed he increased Swiss tariffs to 39% following a tense call with President Karin Keller-Sutter. Rates were later slashed to 15% after Swiss executives gifted Trump a Rolex clock and gold bar, alongside a $200 billion U.S. investment pledge.
The framework on India-US trade deal is not a binding pact but a preliminary outline reaffirming commitment to broader Bilateral Trade Agreement (BTA) talks
The adidtional 25% tariff on Indian imports was imposed by the Trump administration in August 2025. The tariff will cease to apply on Indian goods exported into the USA on 7 February 12.01 am Eastern Standard Time.
India has secured a major trade advantage as the US slashed export tariffs to 18% following a Modi-Trump deal. This lower rate gives Indian goods a competitive edge over rivals like China (34%) and Bangladesh (20%) in the American market.