US to cut tariffs on India to 18% after India agrees to halt Russian oil purchases
The United States and India have agreed to a trade deal where U.S. tariffs on Indian goods will be slashed to 18% from 50% in exchange for India reducing Russian oil imports — a major shift in economic ties.
aaravi_editor
In a significant diplomatic and commercial breakthrough, the United States announced a trade agreement with Indiathat will substantially reduce tariffs on Indian exports. U.S. President Donald Trump revealed that tariffs, which had reached an effective 50% on several Indian products, will be lowered to 18%.
The deal came after discussions between Trump and Prime Minister Narendra Modi, whereby India agreed to scale back purchases of Russian oil — a key contention point in prior U.S.–India trade tensions. Analysts say this move could boost bilateral trade and help Indian exporters access the U.S. market more competitively.
Political reactions in India range from support highlighting better market access to criticism over the concessions on oil purchases. The next steps include formalising details, approval from trade authorities, and effects on related sectors such as agriculture and manufacturing.
