US Drops Tariffs on Indian Goods to 18% in Fresh Trade Agreement with Modi Government President Donald Trump revealed on Monday that he and Indian Prime Minister Narendra Modi have struck a new trade arrangement, bringing down American tariffs on products from India to 18 percent from a previous high of 50 percent. This shift comes in return for India easing its own market restrictions, ceasing oil acquisitions from Russia, and shifting to sources like the United States and possibly Venezuela.

US President Trump announces tariff cut to 18% on Indian goods after deal with PM Modi, ending Russian oil buys and boosting bilateral trade. Details on commitments, stock surges, and energy shifts in this major economic update.
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