Trade Accord Unveiled
In a notable development reported on his social media platform, Truth Social, the sitting President of the United States declared that a trade agreement
has been finalized between his administration and the government of India. This agreement is set to significantly alter the existing trade framework by implementing a reduction in reciprocal tariffs. Specifically, the United States will be lowering its tariffs, moving them from a previous rate of 25% down to 18%. This adjustment is presented as a key outcome of ongoing discussions and signifies a positive step towards normalizing and enhancing bilateral trade relations between the two major global economies. The announcement suggests a mutual understanding and commitment to creating a more favorable environment for commerce.
