Trump says US, India have trade deal
Digest more
U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
US President Donald Trump announced that the United States and India have agreed on a long-awaited trade deal and the western nation is cutting the reciprocal import tariffs on Indian imports. Follow for the latest updates you need to know about the trade deal.
Union commerce and industry minister Piyush Goyal on Tuesday said all Indians across the world are praising Prime Minister Narendra Modi over the trade deal struck with the United States.
U.S. President Donald Trump announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
U.S. Treasury yields were mostly steady on Tuesday as investors digested news that the United States and India have agreed to a trade deal.
The India–US trade agreement and Union Budget 2026 together send a strong signal of policy continuity and long-term growth intent, said Ajay Garg, Director and CEO of SMC Global Securities.
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.
The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.