The new trade deal between India and the United States could be operational from April 2026, as Commerce Minister Piyush Goyal has hinted. India-US bilateral trade is already above $190 billion and a target of $500 billion has been set by 2030. After the new agreement, the tariffs imposed by the US on Indian exports may be reduced from 50% to 18%, which will give a huge competitive advantage to exporters. India exports about $75–80 billion to the US every year, which can increase further. Farmers, fishermen and MSMEs can get special benefits from this deal. Know what long-term impact this trade agreement will have on India’s economy.