India secures safeguards in US trade pact, says Goyal
pre-market1 source ↓written by the desknot a recommendation
- due
- 18% tariff
- for China
- 35%
Commerce and Industry Minister Piyush Goyal confirmed that the trade agreement with the US includes adequate safeguards to protect farmers and domestic industries from rising imports. Indian goods will enjoy a competitive advantage in the US market due to an 18% tariff, compared to 35% for China. This trade deal aims to bolster India's agricultural exports, currently valued at USD 50-55 billion.
Not investment advice. For informational purposes only.