Trump to lower India tariffs
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U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
The US and India reached a trade agreement cutting tariffs on Indian goods, US President Donald Trump announced, deescalating tensions between the two countries.
The new tariff structure makes Indian exports cheaper and more competitive in the US market.
By Shivangi Acharya and Manoj Kumar NEW DELHI, Feb 1 (Reuters) - India on Sunday cut a range of tariffs on capital goods and raw materials in a push to cut its dependence on China for products essential to the energy transition and to reduce costs for exporters hit by U.