New Delhi: While Prime Minister Narendra Modi hailed the new India-US trade agreement, which was announced on February 2 as a triumph of ‘sustained patience’ before NDA lawmakers on Tuesday, a cloud of uncertainty hangs over the implementation timeline and the specific concessions made by New Delhi.
While the headline-grabbing deal slashes US tariffs on Indian goods from 50% to 18% and scraps the Russian oil penalty, critics warn that there is still no technical blueprint to explain how these sweeping changes will be implemented on the ground, as per reports.
#WATCH | India- US trade deal friction created disproportionate noise... deal is positive for labour intensive sectors, says CII President Rajiv Memani
— Republic (@republic) February 3, 2026
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Although US President Donald Trump called the changes “effective immediately” on Truth Social, and Prime Minister Narendra Modi confirmed the development shortly afterward, yet in the absence of a concrete blueprint, much of what we know remains subjective interpretation of political rhetoric instead of facts found in a published text.
The 18% Question: When and How?
Despite the euphoria on Dalal Street today, trade experts and opposition leaders are raising red flags over what they call a "detail-light" announcement that leaves critical sectors, from agriculture to IT services in a state of flux.
- Rollout When: Although the announcements by the two world leaders grab centre stage, the rollout schedule remains ambiguous, as per sources.
- Joint treaty: Sources say no official joint treaty has been signed or "inked" by the two governments in connection with the deal.
- Market access: While the government has highlighted the relief for Indian exporters, it has yet to disclose the specific reciprocal concessions or the exact level of market access granted to the U.S. in return.
- Fine print: Consequently, the crucial fine print of the agreement, including which Indian sectors will be opened to American competition, remains shielded from public view.
- Legal Text: Without a legal text, it remains unknown which specific product categories benefit first.
India-US Trade Deal | 'Historic trade deal has been sealed with the USA under PM Modi's leadership. This comes within a week of the India-EU Free Trade Agreement. Last midnight, we received this positive update...': Union Minister of Parliamentary Affairs, Kiren Rijiju
— Republic (@republic) February 3, 2026
Tune in… pic.twitter.com/eUxL46k4Sd
The 'Buy American' Commitment
While President Trump has publicly claimed that India committed to a 'Buy American' pledge at an unprecedented level, New Delhi has yet to officially confirm whether such a specific mandate was part of the final agreement.
Russian oil clause
Furthermore, President Trump explicitly linked the tariff reduction to India's pledge to halt Russian crude imports, yet the agreement remains shrouded in strategic ambiguity.
There is currently no public roadmap detailing how India will substitute nearly 1.5 to 1.8 million barrels per day of Russian supply, or whether a specific grace period has been granted for existing contracts.
India-US Trade Deal | Market Expert Ashish Wakankar shares insights on whether market rally will continue or it’s just a knee-jerk reaction. Is this the moment we will see the FIIs coming back to India and betting long on India once again? Hear it from the expert
— Republic (@republic) February 3, 2026
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'Fine Print' gap
The 'Fine Print' gap is most prominent in the services sector, where the agreement remains conspicuously silent.
To date, there has been no official word on visa reforms, digital service taxes, or market access for Indian IT firms, leaving the backbone of India’s export economy without a confirmed path forward in this new trade era.
Agricultural Sector Commitments
The 'Agricultural Sector Commitments' represent a critical gap in the deal’s transparency.
Despite U.S. officials touting a victory for American agribusiness, the absence of a technical blueprint has left the Indian dairy and farming communities without a clear understanding of the new import quotas or tariff structures they might soon face.
India-US Trade Deal | Was EU-India FTA 'mother of all deals' triggered the hurry in Donald Trump to announce the US-India trade deal? Kriti Upadhyaya, IndUS Tech Founder (@upadhyaya_kriti) explains
— Republic (@republic) February 3, 2026
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The Silence from Delhi
The Indian government has yet to confirm the exact nature of these reciprocal concessions.
While President Trump declared the 18% tariff rate "effective immediately" on February 2, 2026, the lack of a formal technical blueprint has left the actual implementation timeline in a state of confusion because as of now, the agreement exists primarily in the form of social media posts and high-level briefings.
Without a formal dispute resolution mechanism, industry insiders worry about what happens if either side backtracks.
Criticism follows
The opposition has sharply criticised the deal, with the Congress party accusing the government of "total capitulation" and a lack of transparency.
Senior leaders, including Jairam Ramesh, have dubbed the situation "Trump-nirbharta" (dependence on Trump), questioning why the nuances of the agreement, including the halt of Russian oil purchases and the potential opening of India’s agriculture sector, were revealed by Washington rather than New Delhi.
लगभग ठीक एक साल पहले, प्रधानमंत्री मोदी राष्ट्रपति ट्रंप के दोबारा चुने जाने पर उन्हें बधाई देने के लिए व्हाइट हाउस पहुँचे थे। वहाँ उन्होंने अपनी मशहूर झप्पी कूटनीति का पूरा प्रदर्शन किया।भारत-अमेरिका संबंध इससे पहले कभी इतने उज्ज्वल नहीं लगे थे।
— Jairam Ramesh (@Jairam_Ramesh) February 3, 2026
इसके तुरंत बाद एक ट्रेड डील के…
Demanding that the "fine print" be tabled in Parliament immediately, the opposition warned that without a clear blueprint, the deal appears to be an "economic surrender" that may compromise the interests of Indian farmers and the nation’s strategic autonomy.
Karnataka Minister for Electronics Priyank Kharge said "The govt of India has become a madhouse. It is nothing but the GST Bachao Utsav, which the government celebrated so much. First you implement high GSTs, then you reduce it after 8 years, then you celebrate reduction. Similarly, the US tariff has been reduced to 18%, so you are celebrating a reduction while there is zero tariff on US goods...I don't know what the Government of India is celebrating. I don't see sense in this."
Congress' KC Venugopal stated"One of the shocking incidents happened yesterday. The trade deal between India and the US was unilaterally announced by the US President. It had never happened in the history of India-US trade relations. We are going to raise this.".
#WATCH | Delhi: On the India-US trade agreement, Rajiv Memani, President of the Confederation of Indian Industry (CII), says, "It's a positive development. The US is one of the world's largest economies, and for India, it is the largest trading partner. Due to tariffs, some… pic.twitter.com/v3jfrTphKH
— ANI (@ANI) February 3, 2026
Randeep Surjewala seeks parliamentary discussion on India-US deal adding, "It is the biggest misfortune of the country that the first BJP hatched a conspiracy to sell out agriculture through the three black laws. Now, once again, just as the US Secretary of Agriculture said under the India-US Trade Deal, all agricultural products of the US will be sold in India at zero per cent duty. There cannot be a bigger betrayal than this for the farmers of the country. What is the meaning of this? US cotton, maize, wheat, dairy products, almonds, and apples will be sold duty-free in India."
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