India-US Trade Deal: Mobiles, Laptops, Consumer Electronics to Get Cheaper
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News18•03-02-2026, 14:00
India-US Trade Deal: Mobiles, Laptops, Consumer Electronics to Get Cheaper
- •India and the US have agreed to reduce reciprocal tariffs, with the US lowering duties on Indian goods to 18%.
- •Prime Minister Modi thanked President Trump for reducing tariffs on 'Made in India' products.
- •The deal is expected to make tech hardware, mobile gadgets, consumer electronics, processed food, packaged goods, and home appliances cheaper in India.
- •Indian textile, ready-made garment, gems and jewelry, and industrial goods sectors are set to benefit from increased exports.
- •Some products like steel, aluminum, copper, and certain automobile parts may still face higher tariffs; India may increase oil imports from the US and Venezuela.
Why It Matters: The India-US trade deal aims to reduce tariffs, making various goods cheaper and boosting Indian exports.
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