Trade Deal Unveiled
In a significant development for bilateral trade relations, United States President Donald Trump revealed that a new trade agreement has been reached with
India. This accord specifically addresses the reciprocal tariffs imposed by the US on Indian goods. As part of this new understanding, the tariff rate will be reduced from its previous level of 25 percent down to 18 percent. President Trump explicitly stated on his social media platform, Truth Social, that this decision was motivated by a spirit of "friendship and respect" for Indian Prime Minister Narendra Modi. Furthermore, he indicated that the tariff cut was implemented "as per his request" and would be effective from the moment of the announcement, signaling an immediate positive impact on Indian exports to the US under this revised tariff structure.
