Washington | The United States has announced a significant reduction in import tariffs on goods coming from India. After holding talks with Prime Minister Narendra Modi, US President Donald Trump confirmed that tariffs on Indian products have been reduced by 18 percent. He described the discussion with the Indian Prime Minister as respectful and focused on mutual cooperation.
Earlier, Indian exports to the US were facing tariffs of up to 25 percent. With the new decision, these duties have now been lowered, bringing relief to Indian exporters and improving access to the American market. President Trump stated that his conversation with Prime Minister Modi was centered on respect, friendship, and strengthening economic ties between the two countries.
Sharing a photograph with Prime Minister Modi on social media, President Trump wrote that India is a great nation and a trusted partner. He said the relationship between the two democracies holds great importance for global stability and economic growth. Trump also praised Modi’s leadership and expressed confidence that cooperation between India and the United States would continue to expand.
Prime Minister Narendra Modi welcomed the move and thanked President Trump for the decision. He said the reduction in tariffs would benefit millions of Indians and help Indian products become more competitive in global markets. Modi added that both leaders are working together to ensure fair trade, economic growth, and opportunities for businesses and workers in both countries.
Following the announcement, positive reactions were seen in American stock markets. Experts believe the tariff reduction will especially benefit sectors such as agriculture, textiles, pharmaceuticals, and engineering goods. Indian exporters are expected to gain improved access to one of the world’s largest consumer markets.
Analysts also see this step as a signal of improving India US relations. The decision comes at a time when global trade faces uncertainty, and cooperation between major economies is considered crucial for global peace, stability, and prosperity.
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