Big Price Drop: Bikes, Liquor Cheaper as India-US Trade Deal Cuts Import Duties

• India-US interim trade agreement to significantly reduce prices of Harley-Davidson motorcycles (800cc-1600cc) due to zero import duty.
• Import duties on large cars (above 3000cc) capped at 30 percent, benefiting premium vehicle consumers.
• American liquor prices to decrease as India reduces import duties, with a minimum import price to protect domestic industry.
• Duties cut on nuts and fruits like pistachios, walnuts, almonds, and apples; apple's minimum import price increased to Rs. 80/kg.
• Life-saving medicines, medical devices, and certain chemicals/computer components also see duty reductions, but electric vehicles, staple foods, and daily vegetables are excluded.