Monday - Friday, 11:00 - 12:00 SIN/HK | 0500 - 06:00 CET
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here.
“It’s easier said than done,” is a phrase I have now heard several times from different experts as we discussed the feasibility of the terms of the U.S.-India trade deal.
Less than a week after the India-EU trade pact was finalized, U.S. President Donald Trump on Monday announced in a post on Truth Social that he had agreed a deal with Indian Prime Minister Narendra Modi, calling him a “great friend.”
Trump said Washington would cut tariffs on Indian goods to 18% from 50%, while New Delhi will lower duties on U.S. goods to zero, replace Russian oil with supply from U.S. and Venezuela, open sensitive markets such as agriculture and buy $500 billion worth of American goods.
