India-US Trade Agreement: A Landmark Win-Win Deal

The recently announced India-US trade agreement has been deemed a win-win for both nations. This deal slashes tariffs on Indian goods from 25% to 18%, encouraging India to purchase over USD 500 billion in American goods, including energy. The agreement is expected to benefit citizens and industries on both sides, fostering peace and development.

The India-US trade agreement, described as a win-win solution by Union Minister Ashwini Vaishnaw, promises significant benefits for both countries. The announcement followed a conversation between President Donald Trump and Prime Minister Narendra Modi.

The deal stipulates a reduction in reciprocal tariffs on Indian goods from 25% to 18%, with India committing to cut tariffs and non-tariff barriers against the US to zero, while purchasing American goods worth over USD 500 billion, including energy.

Prime Minister Modi expressed delight at the reduced tariff on 'Made in India' products and hailed the potential for the world's largest democracies to co-create technologies and co-develop solutions, which promises to unlock immense opportunities for their citizens.