India-U.S. Trade Deal: Tariffs Reduced, New Alliances Formed

India and the United States have agreed on a trade deal reducing reciprocal tariffs on Indian goods from 25% to 18%. This move marks an important step in strengthening bilateral relations and opens doors for further cooperation in various sectors, including technology, agriculture, and energy, while addressing broader global issues.

In a significant development, India and the United States have forged a new trade deal to reduce import tariffs on Indian goods. In a statement from Washington, President Donald Trump confirmed the reduction from 25% to 18% following a discussion with Prime Minister Narendra Modi.

The deal includes commitments by India to lower both tariffs and non-tariff barriers on U.S. goods, potentially to zero. This agreement signals a robust partnership between the world's largest democracies, focusing on mutual prosperity and collaboration across sectors like technology and energy.

Additionally, Modi and Trump discussed strategies to conclude the ongoing Russia-Ukraine war, with commitments from India to decrease Russian oil imports in favor of increased U.S. supplies. This diplomatic maneuver aims to support global peace and stability.

(With inputs from agencies.)