India-US trade deal: Tariffs on Indian imports lowered from 50% to 18%

US President Donald Trump on Monday announced a trade deal with India that significantly lowers American tariffs on Indian imports from 50% to 18%. In return, India is expected to cease its purchases of Russian oil and reduce other trade restrictions. The US President revealed the deal via social media after speaking with Prime Minister … Continue reading India-US trade deal: Tariffs on Indian imports lowered from 50% to 18%