Trump Announces New US-India Trade Progress
President Trump recently revealed on social media that he had an in-depth conversation with Indian Prime Minister Modi on a range of topics, including trade relations and the Ukraine conflict.
Tariff Adjustments and Trade Commitments
Trump stated that, based on mutual respect, the US will reduce tariffs on Indian goods from 25% to 18%. In return, India has agreed to gradually eliminate tariffs and non-tariff barriers on American products.
- Tariffs cut from 25% to 18%
- India to remove non-tariff trade barriers
- Agreement aims to boost bilateral cooperation
Energy and Product Procurement Plans
Prime Minister Modi also pledged to expand purchases from the US, covering energy, technology, agricultural products, and coal, with a total value expected to exceed $500 billion.
Trump emphasized that both he and Modi are committed to delivering tangible results, a rare trait in today’s global climate.