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President Trump to Lower Reciprocal Tariff on India Goods to 18%
After speaking with India’s Prime Minister Narendra Modi this morning during which he agreed that his country would discontinue purchases of Russian oil, President Trump said in a Truth Social post that he would reduce the reciprocal tariff for Indian goods from 25% to 18%.
“[India] will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO. The Prime Minister also committed to ‘BUY AMERICAN,’ at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward,” President Trump said.
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., will monitor this latest tariff action by the administration, as well as related Customs and Border Protection (CBP) guidance, and provide updates to our members as soon as its available.
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NCBFAA will continue to keep our members updated about the U.S. tariffs through the Monday Morning eBriefing and eblasts, and a dedicated IEEPA Tariffs webpage on our website.
Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited.
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