US EditionWhat We Know About the India-U.S. Trade Deal
The US tariff on Indian goods will drop from about 50% to 18%, with India agreeing to buy $500 billion in US products, easing trade tensions, Trump said.
- On Monday, US President Donald Trump and Indian Prime Minister Narendra Modi announced a trade deal cutting US tariffs on Indian goods to 18 percent via social media posts without a formal joint text.
- Following a period of strained ties, heavy US tariffs and stalled negotiations prompted trade negotiators to pursue a reset, with talks ongoing for several months.
- With no formal text released, Trump claimed India would stop buying Russian oil and buy $500 billion in US goods, while Modi only cited the 18 percent tariff and 'immense opportunities for mutually beneficial cooperation'.
- The pact could defuse trade tensions and offer relief for India, but experts warn implementation could take weeks pending formal texts, affecting traders and exporters in both markets.
- Looking beyond the first phase, trade negotiators expect talks on digital trade and intellectual property, while analysts caution that claims about India stopping Russian oil and a $500 billion US-buying pledge remain disputed.
15 Articles
15 Articles
India's Market Soars on Landmark U.S. Trade Deal
India's Market Soars on Landmark U.S. Trade Deal India's financial markets witnessed a dramatic surge on Tuesday following a pivotal trade agreement that reduced U.S. tariffs on Indian goods from 50% to 18%. This move invigorated the country's stocks, bonds, and currency. India's Nifty 50 stock index climbed 2.5%, while the rupee appreciated over 1% against the dollar, reaching 90.2650 per dollar. Concurrently, the yield on India's 10-year bench…
India-US trade deal strengthening bilateral ties: What business and industry leaders said
Industry and market voices struck an optimistic note, viewing the announcement as a significant step in India-US economic engagement, while underscoring that the final impact will depend on how the deal’s details unfold in the months ahead.
US President Trump announces a tariff reduction on Indian goods. India is to stop its oil imports from Russia – but it remains unclear whether India will actually renounce it.
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