The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable position against its peers in the region.

The United States is considering an interim trade agreement with India, potentially setting tariffs below 20%, a more favorable position than other re

If finalized, India would join a small group of nations securing trade relief from Washington at a time when Trump is pressuring dozens of partners with tariff spikes.