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India and the US agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent.
The US will reduce reciprocal tariffs on Indian goods from 25 percent to 18 percent.
KEY POINTS
- India has committed to gradually reducing tariffs and non-tariff barriers against the US to zero.
- Prime Minister Modi committed to increase 'Buy American' purchases above USD 500 billion in multiple sectors.
- The tariff reductions are effective immediately, according to President Trump's statement.
COMPANIES
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