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Trump and Modi seal US-India trade pact, slashing tariffs and shifting energy sourcing

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Source: CNBC
Trump and Modi seal US-India trade pact, slashing tariffs and shifting energy sourcing
Photo: CNBC
TL;DR

Trump announced a US-India trade deal that cuts the reciprocal tariff from 25% to 18% on Indian goods and zeroes US tariffs on many Indian products, while Modi pledged to buy more American goods and stop buying Russian oil (potentially shifting energy sourcing toward the US and Venezuela), signaling a closer bilateral economic partnership.

Topics:nationworld#modi#tariffs#trade-deal#trump#us-india#world
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  1. Trump says U.S. and India reached trade deal, will lower tariffs immediately  CNBC
  2. Trump slashes tariffs on India after Modi agrees to stop buying Russian oil  CNN
  3. India Says US to Remove 25% Penalty for Russia Oil Purchases  Bloomberg
  4. "Stay Tuned": US Ambassador Says Trump Spoke To PM Modi  NDTV
  5. US, India agree on trade deal, lower tariffs, Trump says  Reuters

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