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U.S. – India trade deal cuts tariffs and reshapes global energy flows
US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.
US cuts tariffs on Indian goods to 18%; India reduces Russian oil imports and enhances US energy purchases.
The United States has reduced tariffs on Indian goods to 18 percent following a landmark trade agreement. This move comes after months of trade tensions between the two nations and is seen as a major win for India’s economy.
Under the deal, India will end its purchases of Russian oil while increasing imports of U.S. energy and other products. Prime Minister Narendra Modi praised the agreement, saying it will strengthen India’s economic growth and global trade relationships.
Following the announcement, U.S.-listed shares of major Indian companies have seen positive movement, signalling investor confidence in the trade deal.
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