India-US Trade Deal: Official Documents on Tariff Cuts to be Exchanged Soon
Economy
C
CNBC Awaaz•04-02-2026, 07:37
India-US Trade Deal: Official Documents on Tariff Cuts to be Exchanged Soon
- •Clarity on tariffs between India and the US is expected to increase soon.
- •The central government is initiating the process to officially implement new tariffs under the trade deal with the US.
- •Official documents are being prepared to implement changes in tariffs.
- •The documentation process is expected to be completed soon, clarifying Section 232 tariffs and duties on Indian goods.
- •Both countries will soon exchange official documents detailing proposed tariff cuts, reducing tariffs on Indian goods from 50% to 18%.
Why It Matters: India and the US will soon exchange official documents to implement tariff cuts from their recent trade deal.
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