Modi Announces India-US Trade Deal: 'Made in India' Tariffs Cut to 18%
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News18•02-02-2026, 23:35
Modi Announces India-US Trade Deal: 'Made in India' Tariffs Cut to 18%
- •Prime Minister Narendra Modi announced a significant India-US trade agreement, reducing tariffs on 'Made in India' products to 18%.
- •The announcement followed a telephonic conversation with US President Donald Trump, whom Modi thanked for the decision.
- •Modi highlighted that this tariff reduction will directly benefit Indian industries, exporters, and the economy.
- •He emphasized that cooperation between the world's two largest economies and democracies boosts trade, investment, technology, and employment.
- •Modi praised President Trump's leadership for global peace and expressed optimism for strengthening the India-US partnership.
Why It Matters: India-US trade deal slashes tariffs on 'Made in India' products to 18%, boosting economic ties and global stability.
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