U.S. President Donald Trump announced on Monday that the U.S. will lower tariffs on Indian goods to 18%. This decision comes after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil and work on improving trade relations with the U.S., according to Euronews.
Trump also said that India agreed to buy $500 billion in American goods and will reduce import taxes on U.S. products to zero. He shared the news about the tariff cut on Truth Social, calling the agreement a potential step toward ending the war in Ukraine.
Since Russia invaded Ukraine in February 2022, India...