US President Donald Trump has announced a trade deal with Indian Prime Minister Narendra Modi, which includes the slashing of US tariffs on India's goods to 18% from 50%. As part of this agreement, Modi agreed to stop buying Russian oil and increase purchases of American energy products.
In a post on his social media platform Truth Social, Trump stated that he had agreed to lower tariffs in exchange for an end to Russia-linked trade barriers and the purchase of more than $500 billion worth of US goods. Indian exports to the United States are expected to see a significant boost as a result of this deal.
The news comes less than a week after India and the European Union announced a landmark free trade agreement, which is set to double EU exports to India by 2032. However, not everyone is celebrating the new deal - a coalition of US small businesses has criticized the announcement, saying it locks in a rate six times higher than what they were paying a year ago.
Trump's trade policies have been a source of tension with several countries, including India and the European Union. The agreement with Modi is seen as an attempt to ease some of these tensions and provide relief for US businesses that have struggled under Trump's tariffs policies.
The Russian oil-linked tariffs will be dropped as part of this deal, according to a White House official. Indian imports from Russia are expected to decline significantly, while American energy exports to India are likely to increase.
In a post on his social media platform Truth Social, Trump stated that he had agreed to lower tariffs in exchange for an end to Russia-linked trade barriers and the purchase of more than $500 billion worth of US goods. Indian exports to the United States are expected to see a significant boost as a result of this deal.
The news comes less than a week after India and the European Union announced a landmark free trade agreement, which is set to double EU exports to India by 2032. However, not everyone is celebrating the new deal - a coalition of US small businesses has criticized the announcement, saying it locks in a rate six times higher than what they were paying a year ago.
Trump's trade policies have been a source of tension with several countries, including India and the European Union. The agreement with Modi is seen as an attempt to ease some of these tensions and provide relief for US businesses that have struggled under Trump's tariffs policies.
The Russian oil-linked tariffs will be dropped as part of this deal, according to a White House official. Indian imports from Russia are expected to decline significantly, while American energy exports to India are likely to increase.
. and yeah, it might seem like a small concession from Modi's side, but trust me, it's all part of building those relationships 
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just great another trade deal with no real details on who's really benefiting... US small businesses are already whining about the 18% tariff, but I'd rather see some concrete action on reducing inflation 
and supporting workers here at home. All this hype over $500 billion in exports seems like just a fancy number to me... where's the real math? 
, but let's get the facts straight here... the 50% tariff is still way too high for Indian goods, it's not like they're going from zero to hero overnight 
. Let's not forget that US small businesses are still paying six times more for their imports than they did last year... that's the real issue here 
. Anyway, I guess this is progress or whatever 
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. But at the same time, I feel like we're just making it easier for big corporations to make even more money off Indian consumers without much benefit to everyday people 
. Not sure if this deal is going to do as much good for the average Joe as it does for corporate America 
Indian exports are gonna see a big surge now that they won't be paying 50% tariffs anymore 
But on the flip side, there's some pushback from US small businesses saying they're still gonna feel the pinch with those higher-than-usual rates 
! finally someone's listening to the US small businesses, i mean we all know how those tariffs were screwing them over 
it's about time he came around and reduced those rates to 18% instead of 50% like what was happening. but let's not forget india is getting a sweet deal too, $500 billion worth of us goods? that's some serious love 
american energy products are gonna make bank in india now. can't wait to see how this plays out, hope it brings some real relief to those businesses 
I MEAN, 18% TARIFFS IS A HUGE RELIEF FOR INDIAN EXPORTERS AND IT'S GOING TO OPEN UP A WHOLE LOT OF NEW OPPORTUNITIES FOR BOTH COUNTRIES. AND THE FACT THAT MODI AGREED TO STOP BUYING Russian OIL AND INCREASE PURCHASES OF AMERICAN ENERGY PRODUCTS IS JUST ANOTHER WIN-WIN SCENARIO! 
. The 18% tariff reduction is a good move for Indian exporters, but it's interesting that some small businesses in the US are worried about paying higher rates now 
. It just goes to show how different industries can have different perspectives on trade deals 
. On the other hand, if India starts buying more American energy products, that could be a win-win for both countries 
. What do you think about this deal?
meanwhile indian imports from russia are gonna take a hit, that's gotta be good for global energy stability 
️ also, did anyone think india was just gonna sit back and let them walk all over em? 
️. What I don't get is why people are being so harsh on Trump 
I'm thinking the US-India trade deal is like a double win for both countries - not only does it help ease tensions and bring in more American goods, but also shows that India's willing to work with the US on global issues... especially Russia 
. The fact that Modi agreed to stop buying Russian oil and increase purchases of American energy products shows that India is willing to make some concessions to ease tensions with the US 
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. The EU-India free trade agreement is also worth keeping an eye on - will this deal with Modi be seen as a response to that? 
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I'm loving the vibes around this new trade deal between the US and India! It's all about finding common ground and growing economies together 
. It's amazing how these countries can come together, put aside their differences, and create something truly awesome 
. And hey, a six-fold decrease in tariffs for US small businesses is like a breath of fresh air 
they r slashin tariffs on india's goods from 50% to 18%, which means our energy products r gonna be super competitive in the market now 
indian imports from russia are gonna tank, and american energy exports r gonna see a huge boost