India-US Trade Deal: Lowest Tariffs in Asia, Game-Changer for Market!

• India previously faced high tariffs of 50%, including a 25% tariff and an additional 25% punitive levy due to Russian oil purchases.
• Prime Minister Modi agreed to buy oil from America and Venezuela instead of Russia after talks with President Trump.
• In response, the US removed the punitive duty and reduced the effective tariff from 25% to 18%.
• This tariff reduction makes India's tariffs the lowest in Asia.
• The positive impact was immediately seen in the stock market, which opened with a surge today.

Why It Matters: India-US trade deal reduces tariffs to Asia's lowest, boosting market confidence.