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BTCC / BTCC Square / Global Cryptocurrency /
Trump Signs India Trade Deal Cutting Tariffs to 18% as Stocks Rise

Trump Signs India Trade Deal Cutting Tariffs to 18% as Stocks Rise

Author:
Global Cryptocurrency
Published:
2026-02-02 20:35:28
14
1
BTCCSquare news:

President Donald TRUMP announced a significant trade agreement with India on Monday, reducing tariffs on Indian goods from 25% to 18%. The deal, which took effect immediately, signals strengthened economic ties between the two nations. Prime Minister Narendra Modi committed to increasing US imports, particularly in energy, agriculture, and technology sectors, while pledging to halt Russian oil purchases.

Financial markets responded positively to the easing of trade tensions. The S&P 500 gained 0.7%, and the Nasdaq ROSE 0.8% as investors welcomed the prospect of expanded trade opportunities. Safe-haven assets saw reduced demand, with gold dropping 4% and silver falling 7%.

The agreement paves the way for over $500 billion in future US exports, according to Trump. Modi emphasized India's focus on American energy and agricultural products, alongside advanced technology imports. The tariff reduction marks a strategic shift in Indo-US trade relations amid global economic realignments.

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