India and US Move Toward Trade Pact to Cut Tariffs on Imports to 15-16%

India and the United States are close to a trade agreement reducing tariffs on imports to 15-16%, potentially affecting energy and agricultural trade dynamics.

The proposed trade pact aims to cut U.S. tariffs on Indian imports from 50% to 15-16%, enhancing economic relations between India and the United States.
Donald Trump recently discussed the trade agreement with Narendra Modi, focusing on mutual benefits in the energy and agricultural sectors.
As part of the deal, India may begin to reduce its imports of Russian crude oil, aligning with U.S. interests in global petroleum markets.

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This trade agreement could significantly reshape economic ties between India and the United States, impacting global trade patterns and energy supply chains, especially concerning Russia.