Скачать или смотреть India–US Trade War Ends: Who Really Won?

India–US Trade War Ends: Who Really Won?

The India–America trade war is being considered over, with tariffs on Indian goods reduced from 25% to 18%.
The government claims this will benefit the IT sector and textile industry, making Indian products more competitive in the US market.

But the deal has another side.

India will reduce tariffs and non-tariff barriers on American products and purchase $500 billion worth of goods from the US, including energy, coal, oil, and technology.
India is also expected to gradually reduce oil imports from Russia and buy more oil from America.

The big question is — what does this mean for common people?
Despite buying cheap Russian crude for the last three years, fuel prices in India never came down.#indiaustradedeal

#tradewar
#tariffcut
#fuelprices
#russiaoil
#indianeconomy