India and the United States have launched high-level trade negotiations in New Delhi to recalibrate an interim trade pact before July 24, 2026. The talks aim to restore preferential tariff treatments after recent US tariff changes upended a framework negotiated earlier this year. Under the original framework, the US agreed to reduce tariffs on Indian goods to 18%, but a subsequent US Supreme Court ruling striking down sweeping tariffs forced a temporary 10% import levy. In exchange, India has proposed to lower duties on US industrial and agricultural goods and intends to purchase $500 billion in US energy and technology products over five years. Concurrently, Union Commerce and Industry Minister Piyush Goyal announced that the people-centric India-UK Comprehensive Economic and Trade Agreement (CETA) will come into force on July 15, 2026. This historic deal will eliminate tariffs on roughly 99% of tariff lines, creating major global opportunities for Indian farmers, MSMEs, and startups.