India, US agree to trade deal
Digest more
President Donald Trump says he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil.
The US will cut tariffs on Indian goods to 18% after PM Modi agreed to stop buying Russian oil. President Trump called it a historic deal, marking a sharp reset in India-US trade ties.
Prime Minister Narendra Modi and President Donald Trump discussed a trade deal between India and the US. The deal will reduce US tariffs on Made in India products to 18%, and India will lower tariffs and non-tariff barriers on US goods.