India, US Agree to Slash Tariffs in Mutually Beneficial Trade Deal

India and the US have agreed to reduce tariffs on traded goods in a new deal. Prime Minister Narendra Modi and US President Donald Trump announced this move to boost bilateral trade to $500 billion by 2030. Although it’s not a full free trade agreement, this deal sets the stage for future discussions. The focus is on cutting tariffs on US products imported by India and vice versa. This step aims to create fairer trade relations and strengthen economic ties. Both countries view this as a positive step toward greater cooperation and market access. More talks will define the deal’s specifics. This initiative shows both nations’ dedication to fostering better trade and economic growth, benefiting industries and consumers in both countries. The agreement is seen as a strategic effort to create a balanced and prosperous trading environment.