US, India announce tariff-lowering trade deal
US, India announce tariff-lowering trade deal
The United States will lower tariffs on India as part of a trade deal announced Monday by President Donald Trump that also includes Indian purchasing commitments, few details of which were released.
Trump said on Truth Social that the U.S. would lower current 25% reciprocal tariffs to 18%. Prime Minister Narendra Modi has agreed to stop buying Russian oil and also has “committed to ‘BUY AMERICAN,’ at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricu
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