India-US Reach Landmark Trade Deal; Tariffs Slashed From 50% To 18% | U.S-India Deal | 4K | N18V скачать в хорошем качестве

India-US Reach Landmark Trade Deal; Tariffs Slashed From 50% To 18% | U.S-India Deal | 4K | N18V

In a significant shift in bilateral relations, the United States and India have reached a landmark trade agreement aimed at reducing punitive tariffs. The deal, announced following months of intense negotiations, will see American tariffs on Indian exports drop from a high of 50% to 18%. This reduction follows a period of tension where reciprocal tariffs and India's purchase of Russian oil led to increased trade barriers. 'The potential between India and the United States is limitless and so I am thrilled that India is getting this 18%, which is a massive drop from the previous number,' stated the US Ambassador to India during an exclusive interview. The agreement reportedly involves India moving toward reducing non-tariff barriers to zero and shifting oil procurement from Russia to the United States and Venezuela. Prime Minister Narendra Modi expressed delight over the tariff reduction, noting that cooperation between the two largest democracies benefits global peace and prosperity. While the fine print is still awaited, the deal positions India competitively against regional peers like Pakistan and Vietnam, potentially boosting its status as a global manufacturing hub. #India #USA #TradeDeal #NarendraModi #DonaldTrump #Economy #Tariffs #GlobalTrade #News18 #IndiaUSRelations News18 Mobile App - https://onelink.to/desc-youtube OC VOICED