Trump: The US and India have reached a trade agreement, "reciprocal tariffs" will be reduced from 25% to 18%
U.S. President Trump announced a trade agreement with India, in which both sides will reduce tariffs. The "reciprocal tariff" from the U.S. to India will be lowered from 25% to 18%, and India will also reduce tariffs and non-tariff barriers on U.S. goods until they reach zero. In addition, India has committed to significantly increasing its procurement of American products, including over $500 billion in energy, technology, agricultural products, and coal
On February 2, U.S. President Trump posted on the social media platform "Truth Social" that he had a conversation with Indian Prime Minister Modi that morning. Trump stated that the two sides reached a U.S.-India trade agreement, which will reduce the U.S. "reciprocal tariffs" on India from 25% to 18%. India will also correspondingly lower its tariffs and non-tariff barriers on U.S. products until they reach zero. Trump also mentioned that Modi promised to significantly increase purchases of U.S. products, including over $500 billion worth of U.S. energy, technology, agricultural products, coal, and many other products. (CCTV)
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