President Trump has announced a trade deal between the United States and India, lowering reciprocal tariffs placed on goods imported from India from 25% to 18%. In return, India has agreed to reduce their tariffs and non-tariff barriers against the U.S. to zero.

The Prime Minister of India also committed to buy over $500 billion of U.S. energy, technology, agriculture, coal, and other products.

No official memo has been released by the USTR at this time.

As always, Shapiro will continue to monitor the international trade community and provide updates as new information becomes available.