Trump Cuts Tariffs on India: EU-India FTA Pressured US for Trade Deal
America
N
News18•03-02-2026, 14:00
Trump Cuts Tariffs on India: EU-India FTA Pressured US for Trade Deal
- •Experts believe the India-EU free trade agreement accelerated US efforts to finalize a trade deal with India.
- •The US will reduce tariffs on Indian exports from 25% to 18% and remove punitive tariffs related to Russian oil purchases.
- •The agreement was announced after a phone call between PM Modi and President Trump, following a year of negotiations.
- •India will gain a competitive edge with lower tariffs (18%) compared to ASEAN countries (19-20%) in the US market.
- •The deal is expected to foster cooperation between the US and India on critical minerals, technology, and supply chain resilience.
Why It Matters: The India-EU FTA pushed the US to quickly finalize a trade deal with India, benefiting Indian exports.
✦
More like this
Loading more articles...
