US-India Trade Deal: Tariffs Slashed, New Opportunities?
Update: 2025-10-22
Description
India and the U.S. are on the verge of a major trade deal that could see U.S. tariffs on Indian goods plummet from 50% to around 15%! The agreement, focusing on energy and agriculture, may involve India reducing Russian oil imports in exchange for the U.S. slashing tariffs and allowing more Indian exports. U.S. farmers could also benefit from increased Indian imports of non-GMO corn and soymeal. An announcement could come as soon as the ASEAN Summit, potentially reshaping trade between the two nations.
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