Trump Announces Tariff Good News, U.S. Cuts Tariffs on India to 18%

BlockBeats News, February 3rd, U.S. President Trump stated that Indian Prime Minister Modi has agreed to stop buying Russian oil and to purchase more oil from the United States, potentially even from Venezuela. Effective immediately, both the U.S. and India have agreed to form a trade deal. Under this agreement, the U.S. will reduce its tariff on India from 25% to 18%. They will also gradually eliminate tariffs and non-tariff barriers on U.S. goods until fully removed. (FX168)