India Agrees to Reduce Tariffs on U.S. Exports

India has agreed to lower tariffs on U.S. export products, according to U.S. Trade Representative Greer. According to Jin10, the tariffs on industrial goods will be reduced from 13.5% to zero. However, India will maintain certain protective measures on some agricultural products. Additionally, both countries have reached a consensus on reducing India's technical non-tariff trade barriers. Greer also mentioned that they are monitoring India's gradual reduction in purchasing Russian oil.