Finally, some good trade news! The USA tariff cut deal with India is almost ready.
The US and India are close to signing a deal that could reduce import duties on Indian goods sold in the US from 50% to around 15 to 16%. This could boost exports and make Indian products cheaper in the US market. The talks also touch on oil, agriculture, and a bit of global politics
- The USA tariff cut mainly focuses on energy and agriculture.
- The big deal could be announced before the ASEAN Summit this month.
- India may slowly reduce crude oil imports from Russia as part of the deal to align with US policy.
- The US might open its market wider to Indian textiles, pharma, and engineering exports.
👉 Why this matters: The USA tariff cut can help Indian businesses grow, improve trade ties with the US, and make Indian exports more competitive globally.
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