US, India and trade deal
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U.S. tariffs on imports from India have dropped from 25% to 18% under the new trade deal announced by President Donald Trump.
The India-U.S. trade deal is a significant breakthrough, but is laced with terms that can cause friction between the two nations.
The United States and India finalized a trade agreement Monday, helping stabilize a relationship that had been in decline during Trump’s second term.
By Shivangi Acharya NEW DELHI, Feb 5 (Reuters) - India and the U.S. expect to sign a formal trade deal in March, after which New Delhi will lower tariffs on U.S. goods, Trade Minister Piyush Goyal said on Thursday,
While many specific details of the India-U.S. deal are yet to be fully hashed out — in contrast with last week's comprehensive agreement between the EU and India — India's manufacturing sector is seen as a major initial beneficiary, according to investors, while I.T. and pharmaceuticals could also see a boost.