US Ambassador to India Sergio Gor today congratulated both Prime Minister Narendra Modi and President Donald Trump after both leaders confirmed reciprocal tariffs have been reduced to 18 per cent.
This is one of the lowest tariffs the US has announced for competing export economies, which means India has gone from being charged a very high tariff to the opposite end.
The US tariff on other competing export economies are Indonesia (19 per cent), Vietnam (20 per cent), Bangladesh (20 per cent), and China (34 per cent).
Gor told NDTV that this tariff breakthrough is the result of a strong friendship between the two leaders that has developed over many years.
About The Author
