
The White House welcomed a major new trade agreement with India, highlighting the potential to strengthen economic ties between the two countries. According to White House Press Secretary Karoline Leavitt, Indian Prime Minister Narendra Modi agreed to significant commitments aimed at boosting trade and realigning energy sourcing. Under the announced terms, the U.S. will reduce tariffs on Indian goods, lowering the effective tariff rate to 18 percent.
The administration said India is committed to ending purchases of Russian oil and increasing energy imports from the United States and possibly Venezuela, a move described as beneficial to U.S. workers and consumers. Leavitt also stated that India would purchase broadly from the United States, including energy, transportation, and agricultural products, with a pledge totaling about $500 billion across key American sectors.
The deal was described as a major achievement for the Trump administration, expected to bring direct benefits to the U.S. economy by expanding export markets and supporting American industries. U.S. trade officials noted that India will open more of its markets by lowering tariffs on a variety of U.S. goods while retaining protections for sensitive agriculture sectors such as rice, dairy, sugar, and soybeans.
India’s government has emphasized its intention to diversify energy sources for national security, and no formal public announcement has confirmed a complete halt to Russian oil purchases. Analysts point out that the full legal text of the agreement has not yet been finalized, and many of the claims, particularly regarding the scale and binding nature of India’s commitments, are still subject to verification.
Officials from both countries are expected to continue negotiations to finalize the details, implement tariff changes, and clarify energy and investment components as part of the broader U.S.–India strategic and economic partnership.
Recent Random Post:















