Published on 03/02/2026 06:10 AM
The deal was first announced by US President Donald Trump on his Truth Social, before PM Modi posted about it on his Social Media handle on “X.”
The deal also removes a major overhang on the Indian markets, also a major reason behind the underperformance last year compared to other major global peers.
Boy! What a night it has been! Just a few hours earlier. India and the US announced a historic trade deal after months and multiple rounds of negotiations.
The deal will result in US tariffs on Indian exports being dropped to 18% from 50% immediately.
More details in coming posts.
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