"India and the US have agreed to a trade deal, President Donald Trump said in a social media post on Monday.
The countries failed to reach an agreement after several rounds of
talks in 2025 and Washington imposed a 50% tariff on New Delhi, half of which was a penalty for India’s purchases of Russian oil.
In a post on Truth Social, Trump said he had spoken with Indian Prime Minister Narendra Modi, who he claimed had agreed to “stop buying Russian oil and to buy much more from the United States and potentially Venezuela.” He added that this would end the Ukraine conflict.
“Out of friendship and respect for Prime Minister Modi, and as per his request, effective immediately, we agreed to a trade deal between the United States and India, whereby the United States will charge a reciprocal tariff, lowering it from 25% to 18%,” Trump said. “They will likewise move forward to reduce their tariff and non-tariff barriers against the United States to zero.”
Modi confirmed that the countries had reached a deal."
In a post on Truth Social, Trump said he had spoken with Indian Prime Minister Narendra Modi, who he claimed had agreed to “stop buying Russian oil and to buy much more from the United States and potentially Venezuela.” He added that this would end the Ukraine conflict.
“Out of friendship and respect for Prime Minister Modi, and as per his request, effective immediately, we agreed to a trade deal between the United States and India, whereby the United States will charge a reciprocal tariff, lowering it from 25% to 18%,” Trump said. “They will likewise move forward to reduce their tariff and non-tariff barriers against the United States to zero.”
Modi confirmed that the countries had reached a deal."
RT
No comments:
Post a Comment