India and the United States are finalizing a bilateral trade agreement expected to settle half of existing export tariffs and streamline market access in key industries including steel, autos, and aluminum. Confirmed by President Donald Trump and Prime Minister Narendra Modi, the deal will cover goods worth US$131.84 billion in current trade flows. Negotiators say the agreement could revive supply-chain synergies and reduce protectionist frictions, potentially boosting manufacturing investment on both sides ahead of 2026.