BREAKING
ЁЯЗоЁЯЗ│ЁЯЗ║ЁЯЗ╕INDIA US JOINT STATEMENT ON TRADE ARRANGEMENT RELEASED
Tariff reductions and market access:
ЁЯЗоЁЯЗ│India commits to eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food/agricultural products (e.g., dried distillersтАЩ grains, red sorghum, tree nuts, fresh/processed fruit, soybean oil, wine/spirits, and more).
ЁЯЗ║ЁЯЗ╕The U.S. will apply a reciprocal 18% tariff on various Indian-origin goods (e.g., textiles/apparel, leather/footwear, plastics/rubber, organic chemicals, home d├йcor, artisanal products, machinery), with potential removal of tariffs on additional items (e.g., generic pharmaceuticals, gems/diamonds, aircraft parts) upon finalizing the Interim Agreement.
Major purchase intentions:
India intends to purchase $500 billion worth of U.S. energy products, aircraft/aircraft parts, precious metals, technology products (including GPUs and data center goods), and coking coal over the next 5 years.
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