US May Reduce Tariffs on Indian Exports to 15-16%

Reported about 10 hours ago

The US and India are approaching a trade deal that could significantly reduce tariffs on Indian exports from approximately 50% to between 15% and 16%, according to a report by the Mint newspaper. This potential agreement may include India gradually reducing its imports of Russian oil and increasing imports of American agricultural products. An announcement might occur during a potential meeting between President Trump and Prime Minister Modi at the ASEAN summit in Malaysia at the end of October.

Source: YAHOO

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