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      Question

      Under the recently announced trade agreement, to what

      level were U.S. tariffs on Indian goods reduced?
      A 15% Correct Answer Incorrect Answer
      B 18% Correct Answer Incorrect Answer
      C 20% Correct Answer Incorrect Answer
      D 22% Correct Answer Incorrect Answer
      E 25% Correct Answer Incorrect Answer

      Solution

      Under the trade agreement, the United States reduced tariffs on Indian goods to 18%, down from previously higher rates ranging approximately between 25% and 50%. This reduction replaces earlier penalty tariffs associated with India’s purchase of Russian oil. The move aims to ease trade tensions and enhance bilateral economic cooperation.

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