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India and the U.S. cut tariffs on Indian goods, including smartphones, from 50% to 18%, with phones now duty-free, under a new trade deal.
India and the U.S. have agreed to reduce tariffs on Indian goods entering the U.S. from 50% to 18%, with smartphones now entering duty-free, as part of a new trade pact.
Union Minister Piyush Goyal said India’s ICT trade policy targets unfair practices like predatory pricing, not global competition, and aims to secure critical technologies like AI chips and data centers for national security and economic growth.
He emphasized the complementary nature of the two economies and confirmed India now negotiates with the U.S. on equal footing.
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India y los Estados Unidos redujeron los aranceles a los productos indios, incluidos los teléfonos inteligentes, del 50% al 18%, con los teléfonos ahora libres de impuestos, en virtud de un nuevo acuerdo comercial.