US and India Seal Major Trade Pact as Tariffs Fall and Energy Ties Shift
US President Donald Trump and Indian Prime Minister Narendra Modi The United States and India have reached a significant new trade agreement that lowers U.S. tariffs on Indian goods to 18%, marking a major step toward easing recent economic frictions. In a reciprocal move, India has agreed to phase out its purchases of Russian oil, a longstanding point of tension in its relations with Washington. The deal signals a strategic realignment for both nations. India, one of the world’s largest energy importers, will begin redirecting its oil sourcing toward alternative suppliers, including the United States. Meanwhile, reduced tariffs are expected to boost Indian exports and strengthen commercial ties between the two economies. The announcement has already generated optimism among investors and industry groups, who anticipate smoothe...
Comments
Post a Comment