अमेरिका ने भारत पर टैरिफ 18% तक घटाया: मोदी और ट्रंप

For the Prelims exam, remember that the US has reduced tariffs on Indian goods to 18%. Previously, these tariffs were at 50% since August 2025. Keep in mind that this change happened after discussions between PM Modi and President Trump.

A tariff is a tax imposed on imported goods. Understanding tariffs is crucial because they directly impact the cost of goods, influencing trade volumes and economic relationships between countries. In this case, the reduction of US tariffs on Indian goods signals a potential improvement in trade relations.

Tariffs are taxes on imported goods, while non-tariff barriers are restrictions on trade that do not involve taxes. Non-tariff barriers can include quotas, regulations, or other policies that make it more difficult or expensive to import goods. Both impact international trade, but in different ways.

This topic is in the news because it signifies a potential shift in trade relations between the US and India. The reduction of tariffs, from 50% to 18%, suggests a move towards easing trade tensions and fostering a more cooperative economic environment, following recent trade disputes.

Pros include increased trade, economic growth for both countries, and improved diplomatic relations. Cons might involve potential disadvantages for specific US industries that now face increased competition from Indian goods. The impact will depend on the specific sectors affected and the overall trade strategy.

For common citizens, this trade deal could lead to lower prices on some goods due to reduced tariffs. It might also create job opportunities in export-oriented industries. However, some sectors could face job losses due to increased competition. The overall impact will vary depending on individual circumstances and the specific industries involved.

Trade discussions between the US and India have a long history, marked by evolving tariffs and trade agreements aimed at reducing barriers and promoting economic growth. These discussions reflect the changing dynamics of the global economy and the efforts to balance trade interests between the two countries.

Remember August 2025, when the US imposed a 50% tariff on Indian goods. Also, note the current date when the tariff was reduced to 18% following the trade deal.

According to President Trump, India will stop buying Russian oil and reduce tariffs and non-tariff barriers against the U.S. to zero.

Recent years have seen increased trade tensions between the U.S. and several countries, including India. The U.S. has often used tariffs as a tool to address what it perceives as unfair trade practices, leading to retaliatory measures and complex trade disputes.