India secures 18% tariff deal with US: Infosys, Wipro stocks surge in US market
US-listed Indian company shares surged after President Trump announced a trade deal reducing US tariffs on Indian goods to 18% from 50%. In return, India will halt Russian oil purchases and lower trade barriers, with "Made in India" products benefiting from the reduced tariff. This move aims to boost "BUY AMERICAN" initiatives and improve trade access.
US-listed Indian company shares surged after President Trump announced a trade deal reducing US tariffs on Indian goods to 18% from 50%. In return, India will halt Russian oil purchases and lower trade barriers, with "Made in India" products benefiting from the reduced tariff. This move aims to boost "BUY AMERICAN" initiatives and improve trade access.
