India-US Trade Deal: Tariffs Reduced, Broader Agreement Talks Continue
India
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News18•03-02-2026, 11:42
India-US Trade Deal: Tariffs Reduced, Broader Agreement Talks Continue
- •President Trump announced a trade deal reducing US tariffs on Indian goods to 18% and removing a 25% penalty on Russian oil purchases.
- •In return, Trump stated India will reduce tariffs on US products to 0%, though India has not officially confirmed these details.
- •The agreement reportedly includes some agricultural products, a previous point of contention, and addresses US demands for tariff cuts in sectors like automobiles.
- •US Secretary of Agriculture Brooke Rollins highlighted the deal as an "America First" win, aiming to boost US farm exports and rural incomes.
- •Indian officials indicate talks will continue for a more comprehensive agreement, while experts urge caution due to lack of official documentation and clarity on commitments.
Why It Matters: A new India-US trade deal reduces tariffs, but official details are scarce as broader agreement talks continue.
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