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Trump Announces 50% Reduction in U.S. Tariffs on India

The U.S. president stated that tariff rates on Indian goods will be halved, signaling a potential shift in bilateral trade relations.

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Terms & Concepts
  • Tariff: A tax imposed by a government on imported or exported goods, used to protect domestic industries or raise revenue.
  • Bilateral Trade: Economic transactions between two countries, involving goods, services, or investments.