Media: US and India reach a trade agreement, Trump announced on social media that the US will reduce the main tariffs on India from 25% to 18%, and cancel the 25% tariffs imposed last summer due to India's purchase of Russian oil.
India will stop purchasing Russian oil and purchase more than $500 billion worth of American energy, technology, agriculture, coal, and other products. The agreement is seen as a response to the EU-India free trade agreement, which will gradually reduce most product tariffs to zero over several years.
Although the details of the US-India agreement have not been released yet, analysts believe it will increase employment opportunities in India and strengthen the strategic relationship between the US and India.
Original: toutiao.com/article/1856120675941379/
Statement: This article represents the views of the author himself.