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The Times of India

Business / The Times of India

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Why Trump administration is still imposing 18% tariff on India - Explained

The US will reduce tariffs on most Indian goods to 18% from 50% as part of a new trade agreement, aiming to address the large trade deficit. India has agreed to cut tariffs on a range of US products, including industrial goods, wine, and spirits, to zero. Sensitive Indian agriculture and dairy sectors remain protected under the deal.

3 Feb 2026 10:50 pm