India and the United States announce trade agreement with significant tariff reductions
India and the United States have reached a trade deal that lowers tariffs and opens markets. Markets reacted positively with stock and currency gains.
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India 
INand the United States 
UShave announced a landmark trade deal that significantly alters the economic relationship between the two nations. President Donald Trump donald trumpannounced the agreement, stating that U.S.tariffs on most goods from Indiawould be slashed to 18% from a previous level of 50%. In exchange, the President stated that Indiawould halt its purchases of oil from Russia 
RUand lower existing trade barriers.
INand the United States UShave announced a landmark trade deal that significantly alters the economic relationship between the two nations. President Donald Trump donald trumpannounced the agreement, stating that U.S.tariffs on most goods from Indiawould be slashed to 18% from a previous level of 50%. In exchange, the President stated that Indiawould halt its purchases of oil from Russia RUand lower existing trade barriers.
