India-US Trade Deal: US President Donald Trump announced a deal with India last week to cut US tariffs on Indian goods to 18% from 50% in exchange for India halting purchases of Russian oil and lowering trade barriers.
India, US announced that they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.
India and the US announced that they have reached a framework for an interim trade agreement. Under this, the US will reduce tariffs on Indian goods to 18 per cent from the earlier 50 per cent.
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If you have ever winced at paying Rs 4,500 for a bottle of a standard Scotch or Bourbon in Mumbai, that costs a fraction of that in Dubai or Singapore, the math will soon start mathing for you.
