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US India trade deal cuts tariffs to 18 but still leaves big economic pain points behind
Economy
Published on 24 April 2026
Tariffs drop fast, but not back to pre Trump levels
The India US trade deal is set to lower tariffs to 18%, reducing uncertainty and boosting exports, the rupee, and overall sentiment—at a scale that could rival the EU pact. But the tariff level is still far above pre Trump rates, and key hurdles remain, including FDI, capital flow pressure, and higher energy costs.
- Tariffs would fall to 18%, easing trade uncertainty
- Exports, rupee stability and sentiment could improve
- Tariffs still sit above pre Trump levels
- FDI, capital flows and energy costs remain stumbling blocks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times