India and the United States on February 6 unveiled a framework for an Interim Trade Agreement, an early deliverable ahead of a full-fledged Bilateral Trade Agreement (BTA). The headline outcome: the US will cut reciprocal tariffs on Indian goods to 18 percent, while India commits to wide-ranging tariff reductions and regulatory easing for US exports. This is not the final deal. But it locks in sector-level give-and-take, and sets the runway for a comprehensive BTA. The core trade-off India opens up: New or reduced tariffs across US industrial goods and a broad basket of agricultural products, from animal feed and nuts to fruits, soybean oil, wine, and spirits.