US-India Trade Deal: 'Daddy of All Deals' Slashes Tariffs, Boosts Indian Exports
Latest
N
News18•03-02-2026, 14:45
US-India Trade Deal: 'Daddy of All Deals' Slashes Tariffs, Boosts Indian Exports
- •US President Donald Trump has significantly reduced tariffs on Indian exports, cutting them from up to 50% to 18%.
- •The deal, dubbed "The Daddy of All Deals" by Moneycontrol's Manas Chakravarty, aims to reset trade relations and boost market sentiment.
- •India will diversify its energy supply by purchasing more oil and gas from the US, reducing dependence on Russia.
- •Indian export sectors like textiles, gems and jewelry, pharmaceuticals, and auto components will gain a competitive edge in the US market.
- •The agreement is expected to strengthen the rupee, increase exports, create jobs, and attract foreign investment, leading to economic growth.
Why It Matters: The US-India trade deal significantly cuts tariffs, boosting Indian exports and resetting economic relations for growth.
✦
More like this
Loading more articles...
