https://www.taxtmi.com/news?id=69885 The United States agreed to cut applied tariffs on Indian goods from 50% to 18% in return for India reducing trade barriers and stopping purchases of Russian oil while increasing purchases of specified US and other energy and goods; the tariff cut aligns US duties with regional rates, restores Indian exporters' price competitiveness-notably in labour intensive sectors-and is tied to reciprocal tariff and non tariff concessions and multiyear procurement commitments, with implementation details to follow. en-us Tue, 03 Feb 2026 19:31:04 +0530 Tue, 03 Feb 2026 19:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69885 The United States agreed to cut applied tariffs on Indian goods from 50% to 18% in return for India reducing trade barriers and stopping purchases of Russian oil while increasing purchases of specified US and other energy and goods; the tariff cut aligns US duties with regional rates, restores Indian exporters' price competitiveness-notably in labour intensive sectors-and is tied to reciprocal tariff and non tariff concessions and multiyear procurement commitments, with implementation details to follow. News - Tue, 03 Feb 2026 19:31:04 +0530 https://www.taxtmi.com/news?id=69885