U.S.-India Trade Agreement Reached, Tariffs Reduced from 50% to 18%

White House: India's Tariff Reduced to 18%

This morning, Caroline mentioned during a regular press conference about the trade agreement between the US and India, saying, "After days of negotiations, Minister Lutnick and the Indian Trade Representative finally reached an agreement. The United States has decided to reduce the tariff on Indian goods from 50% to 18%, which is good news for India. President Trump also canceled the 25% tariff penalty on India, as they agreed to stop purchasing oil from Russia and instead import oil from the United States or Venezuela. We are very pleased with this move."

Dealing with the EU and the US one after another, it must be said that India has won big this time, and Trump has been played by Modi.

Original article: toutiao.com/article/1856056329196554/

Statement: This article represents the personal views of the author.