economy
February 2, 2026
Trump Hits BRICS With New US/India Trade Negotiation, Applies Pressure To Russian Oil Trade
The U.S. lowered its reciprocal tariff on India from 25% to 18%. New Delhi agreed to reduce their tariffs and non tariff barriers on Washington to 0%.
TL;DR
- US lowered reciprocal tariff on India from 25% to 18%.
- India agreed to reduce tariffs on Washington to 0%.
- India also agreed to reduce non-tariff barriers on Washington to 0%.
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