Brief by Shorts91 Newsdesk / 05:59am on 03 Feb 2026,Tuesday India Global
Under the recently announced India–US trade agreement, Washington has cut tariffs on Indian goods to 18%, down from as high as 50% previously, by rescinding punitive levies and revising reciprocal duties. This lower rate now stands below tariffs faced by regional competitors such as Pakistan (19%), Bangladesh and Vietnam (20%), and China (34%), giving Indian exporters a competitive edge in the US market. The deal is expected to boost “Made in India” exports, support economic growth, and deepen bilateral ties, although exact implementation details are still awaited. (PC: X)
