India-US Trade Deal: Laptops, Dairy, Electronics to Get Cheaper
Explainers
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Firstpost•03-02-2026, 16:11
India-US Trade Deal: Laptops, Dairy, Electronics to Get Cheaper
- •The US will reduce tariffs on Indian goods from 50% to 18%, while India will reduce tariffs on US goods to zero, as announced by President Donald Trump.
- •The agreement, confirmed by PM Narendra Modi, aims to benefit both economies and unlock opportunities for cooperation.
- •For Indian consumers, US imports like laptops, gadgets, electronics, dairy, pulses, and processed foods are expected to become cheaper.
- •India will purchase more US petroleum, defense equipment, electronics, pharmaceuticals, telecom products, and aircraft.
- •Indian exports such as textiles, apparel, pharmaceuticals, chemicals, footwear, jewelry, and shrimp will benefit from reduced US tariffs.
Why It Matters: A new India-US trade deal promises cheaper US goods for Indians and boosted Indian exports to the US.
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