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President Trump announced a major trade deal with India following a call with Prime Minister Modi. The agreement could reshape trade between the two countries and has immediate economic implications.
Under the deal, India will stop buying Russian oil and switch to energy imports from the U.S. and Venezuela, a move aimed at limiting Russia’s influence in the Ukraine conflict. In return, U.S. tariffs on Indian goods will drop from 25% to 18%, while India will remove tariffs and other barriers on American products.
India has also committed to large-scale purchases from the United States, including energy, technology, and coal, totaling around $500 billion. Both leaders described the deal as a boost to economic cooperation and a way to strengthen the partnership between the two largest democracies in the world.
This agreement comes after months of trade tensions and could have ripple effects on global markets in the near term.
#USIndiaDeal #GlobalTrade #EnergyShift #BuyAmerican
$TRUMP
$RIVER
$WLD
Under the deal, India will stop buying Russian oil and switch to energy imports from the U.S. and Venezuela, a move aimed at limiting Russia’s influence in the Ukraine conflict. In return, U.S. tariffs on Indian goods will drop from 25% to 18%, while India will remove tariffs and other barriers on American products.
India has also committed to large-scale purchases from the United States, including energy, technology, and coal, totaling around $500 billion. Both leaders described the deal as a boost to economic cooperation and a way to strengthen the partnership between the two largest democracies in the world.
This agreement comes after months of trade tensions and could have ripple effects on global markets in the near term.
#USIndiaDeal #GlobalTrade #EnergyShift #BuyAmerican
$TRUMP
$RIVER
$WLD
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