US, India to Slash Tariffs Under New Trade Deal, Trump Says
By Bill Pan
The United States and India have reached a trade agreement and will begin lowering tariffs on each other’s goods immediately, President Donald Trump announced.
As part of the deal, the United States will cut its reciprocal tariff rate from 25 percent to 18 percent, Trump wrote on Feb. 2 in a post on Truth Social. In exchange, he said, India has agreed to “move forward to reduce their Tariffs and Non Tariff Barriers against the United States to ZERO.”
Trump added that India also committed to “stop buying Russian oil, and to buy much more from the United States and, potentially, Venezuela,” according to his post.
More Stories
What Time Does Netflix Release Shows? Don’t Miss Another New Release
Many of us like to watch series and movies, but most of the time miss the new release, right? And...
Trump Calls Iran’s Response to Peace Proposal ‘Totally Unacceptable’
By Tom Gantert U.S. President Donald Trump on May 10 rejected Iran’s response to the latest peace proposal pitched by...
Iran Turns to China Rail Link to Bypass US Blockade, but It Has Limited Effect, Analysts Say
By Alex Wu As the U.S. military continues to blockade Iranian ports, Iran has increased overland railway shipment with China...
Passengers Evacuate Cruise Ship Hit by Deadly Hantavirus Outbreak
By Tom Gantert The passengers and crew aboard the MV Hondius exited the hantavirus-stricken cruise ship in the Canary Islands...
Hantavirus Symptoms Reported on Cruise Evacuation Flight
By Tom Gantert A French citizen on the MV Hondius cruise ship came down with hantavirus symptoms while flying back...
Less Than 11 Percent of New Construction Is in Urban Areas, Report Finds
By Mary Prenon Newly built homes across America are scarce in urban areas and carry a significant price premium, according...