India Says 18% US Tariff Rate to Kick In After Joint Statement

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Why This Matters

India's trade minister announced that a joint statement between India and the US is expected to be signed within 4-5 days, which will reduce the tariff rate on India's exports to the US to 18%.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

India’s exports to the US will be subject to a reduced tariff rate of 18% once the two sides sign a joint statement, expected within the next four to five days, the country’s trade minister said, shedding more light on this week’s surprise agreement between the two nations.

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Original article published by Bloomberg on February 5, 2026.
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