Lower than Pakistan, China: In trade deal with US, India secures a favourable tariff rate

Lower than Pakistan, China: In trade deal with US, India secures a favourable tariff rate

India-US trade deal sealed: In a big breakthrough, India and the US have announced a trade deal, after US President Donald Trump and Prime Minister Narendra Modi spoke on phone. With the trade deal, India has secured an 18% reciprocal tariff rate for its goods exported to the US. Trump has said that the tariff on US exports to India will be reduced to zero.PM Narendra Modi welcomed the trade deal calling it a ‘wonderful announcement’. “Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” PM Modi posted on X (formerly Twitter).“President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights,” he added.

Trump Tariff Rate For India Lower Than Pakistan, China

With this deal, India bags a place among countries facing one of the lowest tariff rates from the Donald Trump administration. Incidentally, the 18% tariff rate is lower than Pakistan’s 19%, Indonesia’s 19%, Vietnam’s 20%. Bangladesh’s 20%, and China’s effective tariff rate which ranges between 30-35%.Also Read | India-US trade deal: 25% penal tariffs linked to Russian oil gone? Here’s what we knowWhen Trump announced reciprocal tariffs on Liberation Day in April 2025, India was hit with a 26% tariff rate. As negotiations for a trade deal continued, Trump imposed a 25% tariff rate on India effective from August 2025. This was later hiked to 50%, with the 25% additional penal tariff being for India’s crude oil imports from Russia. The Trump administration accused India of indirectly financing Russia’s war against Ukraine.

Country Tariff Rate
India 18%
China Effective rate 30-35%
Pakistan 19%
Bangladesh 20%
Indonesia 19%
Vietnam 20%

Reports suggest that the 18% reciprocal tariff rate now effectively also removes the 25% tariff on India for Russia crude oil procurement. An official confirmation on the same is awaited.Details of the India-US trade deal are yet to be revealed, though Trump’s post makes a series of claims: from India’s promise to stop buying Russian crude, reducing tariffs on US goods to zero, agreeing to step up US oil imports to buying $500 billion of US products across sectors.Also Read | India-US trade deal: Top 7 points Trump says he agreed on with PM ModiTrump posted on Truth Social, “It was an Honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO. The Prime Minister also committed to “BUY AMERICAN,” at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most. Thank you for your attention to this matter!”

Source link

Visited 1 times, 1 visit(s) today

Related Article

Europe’s Protests Are Rattling Bond Markets. Are Banks Next?

A protesting student feeds a burnt barrier during a blockading action outside the secondary school Le Corbusier, in Aubervilliers, northern Paris. (Photo by LOU BENOIST / AFP via Getty Images) As my husband, a long-time media and technology expert, always remind me ‘if it bleeds, it leads.’ We have to be careful and go beyond

Pete Hegseth Makes Surprise Visit To Israel, Meets Netanyahu: Report

Pete Hegseth Meets Netanyahu In Unannounced Visit To Israel: Report

US Defense Secretary Pete Hegseth last met Israeli PM Benjamin Netanyahu in Washington in July. US Defense Secretary Pete Hegseth met with Israeli Prime Minister Benjamin Netanyahu during an unannounced visit to Israel on Monday, Axios reported, citing two sources with knowledge. The Pentagon and Israel’s embassy in Washington did not immediately respond to requests

Cleveland-Cliffs Inc. Q3 2026 Earnings Call Summary

Cleveland-Cliffs Inc. Q3 2026 Earnings Call Summary – Moby Strategic Performance and Market Dynamics Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Management attributes the Q3 EBITDA doubling to a ‘rational’ trade environment

USA Rare Earth: Millionaire Maker or Market Hype? The Honest Truth.

Ever heard of neodymium? No? How about praseodymium? Or terbium, or dysprosium? If you have heard of these — they’re the “core four” rare-earth elements, by the way — there’s a good chance you’ve come across rare-earth stocks like USA Rare Earth (NASDAQ: USAR). If you’re not familiar, just imagine a world where smartphones, laptops,

U.S. Bancorp’s Dividend Is Doing Its Job. Can the Stock Do Its Part?

U.S. Bancorp (NYSE:USB) is becoming increasingly attractive to income-focused investors as its lending activity grows and fee revenue picks up. The key question is whether this earnings growth can support the current stock price, especially as government bonds provide a compelling alternative for those seeking steady income. The search for reliable payouts extends beyond the

Prediction: One Major Catalyst Could Send Alphabet Stock to New Highs

Quick Read Alphabet (GOOG) trades at a trailing P/E of just 15 with a $514B Cloud backlog and 82% Cloud revenue growth, driving a $437 price target with 25% upside. Microsoft (MSFT) trades at twice Alphabet’s earnings multiple despite Azure growing at roughly half Google Cloud’s pace, making GOOG look undervalued versus peers like Meta

Why Micron Stock Bounced on Monday

Last week was miserable for Micron (NASDAQ:MU) stock, with the maker of DRAM and NAND flash memory chips losing nearly 15% on worries that Chinese DRAM company ChangXin Memory Technologies was bringing to market “4F square” technology to increase DRAM storage density — and begin stealing market share from Micron. Monday morning, things are looking

Trip.com turns Hong Kong MTR ads into an art gallery

Trip.com turns Hong Kong MTR ads into a playful art gallery, using classical sculptures to spotlight travel planning frustrations and booking services. A classical sculpture is not the first thing commuters expect to see selling a holiday. Trip.com is betting that a museum-like visual joke can make the everyday worries of planning a trip feel

Prediction: Amazon’s Next Chapter Could Be Its Most Important One Yet

Quick Read AMZN earns a BUY rating with a $332.67 price target, representing 30% upside, anchored by AWS growing 37% at its fastest pace in 18 quarters. Amazon trades at 24x forward earnings, cheaper than MSFT at 25x, with its 13.7% operating margin offering the most room to expand among peers. Amazon’s free cash flow

Gartner’s (IT) Medium-Term Growth Trajectory Remains Intact

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q3 2026 investor letter for its “Large Cap Strategy”. The letter can be downloaded here. The Strategy returned 3.18% (net of fees) in the quarter, outperforming the 2.61% return of the Russell 1000 Value Index. Key positive contributors included stock selection in information technology, an underweight

New York City police officers are on duty outside the Lotte Palace Hotel during a United Nations General Assembly leaders reception, late Tuesday, Sept. 22, 2026, in New York. (AP Photo/Julia Demaree Nikhinson)

Saudi Arabia Executes 2 Bangladeshis Over ‘Indecent Acts,’ and Other Mideast News

Saudi Arabia says it has executed 2 Bangladeshi nationals over “indecent acts” inside a mosque in Mecca. Bangladesh said that it hadn’t been informed of the executions beforehand. Meanwhile, Israeli police have arrested 10 suspects in connection with a wave of settler violence, including against a U.S. journalist and European diplomats in the occupied West

I’ve Covered Netflix for 24 Years. Here’s Whether the Stock Is Overvalued Right Now.

I’m not one to typically celebrate investing anniversaries, but this month marks 24 years since I became a Netflix (NASDAQ: NFLX) shareholder. It’s been largely ups along the way, but lately there’s been a hard road down. Shares of the company behind the world’s leading premium streaming video service have plummeted more than 40% over

Is UnitedHealth Group Stock a Buy After Another Solid Quarter?

The past few years have been challenging ones for health insurance giant UnitedHealth Group (NYSE:UNH). Rising costs have been weighing on its results, and its five-year returns are in the red, with the stock declining by more than 5% during that stretch. That’s unusual for a stock that historically has generated terrific returns for investors.

1 Large-Cap Stock to Research Further and 2 We Avoid

1 Large-Cap Stock to Research Further and 2 We Avoid Large-cap stocks usually command their industries because they have the scale to drive market trends. The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task. This is precisely where StockStory comes in – our job

Prediction: This Will Be SpaceX’s Stock Price By the End of 2027

In June, Elon Musk’s space industrial giant, SpaceX (NASDAQ: SPCX), broke records with an initial public offering (IPO) that valued it at $1.77 trillion. This was the largest corporate debut in history, and it netted SpaceX $75 billion in capital that will be used to accelerate its burgeoning artificial intelligence (AI) and satellite internet businesses.

FILE PHOTO: CoreWeave logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

The AI industry’s gigantic debts are making investors nervous

Credit markets are coming for CoreWeave. The price of a five-year bond issued by the “neocloud”, which rents out data-centre capacity for artificial-intelligence models, has fallen by 16% since July. The bond’s yield is now 15%—a level associated with companies in financial distress—up from 10% in July. The price of credit-default swaps offering insurance against

UK's hard-right Reform party hit by fresh scandal as racist views caught on camera

European stocks open in the red as French businesses count the cost of the riots

Stocks across Europe fell at the start of trading on Monday as France reeled from one of its most violent weekends in years, with shopkeepers and CEOs alike tallying the damage and accusing the authorities of leaving them exposed. ADVERTISEMENT ADVERTISEMENT The Euro Stoxx 50 only traded 0.1% lower but the broader pan-European Stoxx 600

Earnings To Watch: Halliburton (HAL) Reports Q3 Results Tomorrow

Earnings To Watch: Halliburton (HAL) Reports Q3 Results Tomorrow Oilfield services company Halliburton (NYSE:HAL) will be announcing earnings results this Tuesday before market open. Here’s what you need to know. Halliburton beat analysts’ revenue expectations last quarter, reporting revenues of $5.71 billion, up 3.7% year on year. It was a very strong quarter for the

0
Would love your thoughts, please comment.x
()
x