US-India Seal Trade Deal: Tariffs Cut, Markets Open, Billions in Trade

• White House fact sheet confirms US-India trade deal, reducing US reciprocal tariff on Indian goods from 25% to 18%.
• Additional 25% tariff due to Russian oil purchases also removed.
• India to reduce/eliminate duties on American industrial, food, and agricultural products including DDGs, red sorghum, dried fruits, and more.
• India pledges to purchase over $500 billion in US energy, ICT, agriculture, and other products.
• Agreement opens new opportunities for US companies in India and provides India easier access to US technology, agriculture, and energy.