United States/Economy/US and India agree to trade deal, lowering tariffs to 18 percent

US and India agree to trade deal, lowering tariffs to 18 percent

Feb 2, 202645 sources

Also covers:ChinaIndiaPakistan

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Summary

The United States and India have struck a trade agreement. As part of the deal, the US will lower its tariffs on certain Indian goods to 18 percent.

US officials, including President Donald Trump, announced the agreement. The deal is centered on trade and oil, with Indian Prime Minister Narendra Modi making a commitment related to Russian oil purchases.

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