India-US Trade Deal: Tariffs on 'Made in India' Products Reduced to 18%
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News18•03-02-2026, 10:06
India-US Trade Deal: Tariffs on 'Made in India' Products Reduced to 18%
- •PM Modi confirmed a new trade deal with the US, reducing tariffs on 'Made in India' products from 50% to 18%.
- •The announcement followed a phone call between PM Modi and US President Donald Trump.
- •PM Modi thanked News18 India for their question regarding the trade deal during an NDA meeting in Parliament.
- •He emphasized that cooperation between the two largest democracies benefits people and creates opportunities.
- •External Affairs Minister S. Jaishankar's visit to the US coincides with efforts to finalize the bilateral trade agreement.
Why It Matters: India-US trade deal slashes tariffs on 'Made in India' goods to 18%, boosting economic cooperation.
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