India 🇮🇳 and the United States 🇺🇸 could reach a “principle-based agreement” on the first phase of a trade deal within the next 7–10 days.**

The U.S. is expected to impose a 10% tariff on Indian goods; however, some products may be fully exempt from tariffs.

A “principle-based agreement” is a preliminary deal in which both parties agree on key terms, but the details still need to be finalized before the agreement becomes effective or legally binding.