Duty cuts by US to be effective soon: $ 500 billion India purchase commitment spread over 5 years
- Posted on February 3, 2026
- By Financial Express
- 5 Views
Duty cuts by US to be effective soon: $ 500 billion India purchase commitment spread over 5 years
In 2024 India’s exports to the US were $ 87.3 billion while imports were $ 41.5 billion. Higher imports from will address the US demand for balancing bilateral trade and was the reason reciprocal tariffs of 25% were imposed.
