US Slashes Tariffs on Indian Goods to 18%, Ambassador Gor Hails 'New Era' in Trade

• The US has significantly reduced tariffs on Indian products from 50% to 18%, a major boost for Indian businesses.
• The announcement followed a phone call between Prime Minister Narendra Modi and US President Trump, who shared the news on social media.
• US Ambassador Sergio Gor described the deal as the start of a 'new era' for India-US relations, crediting the strong personal bond between Trump and Modi.
• Gor highlighted that the agreement also encourages countries to reduce oil purchases from Russia, aligning with peace efforts.
• Ambassador Gor expressed optimism for future collaborations, stating that 'many more big agreements' and 'the best is yet to come' for India-US ties.

Why It Matters: US reduces tariffs on Indian goods to 18%, signaling a new era of stronger trade and strategic ties.