Trump: The US and India have reached a trade agreement, "reciprocal tariffs" will be reduced from 25% to 18%

On February 2, U.S. President Trump posted on the social media platform "Truth Social" that he had a conversation with Indian Prime Minister Modi that morning. Trump stated that the two sides reached a U.S.-India trade agreement, which will reduce the U.S. "reciprocal tariffs" on India from 25% to 18%. India will also correspondingly lower its tariffs and non-tariff barriers on U.S. products until they reach zero. Trump also mentioned that Modi promised to significantly increase purchases of U.S. products, including over $500 billion worth of U.S. energy, technology, agricultural products, coal, and many other products. (CCTV)

Risk Warning and Disclaimer

The market has risks, and investments should be made cautiously. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk.