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US Cuts Tariffs on Agri Equipment: Big Relief for Global Trade Markets

Zee Business1:12

Transcription

And at this moment, a big news is coming regarding the US-India trade agreement. America has made some changes in tariffs on agri equipment, and under these changes, the tariff on agri equipment has been reduced from 25% to 15%. So, this 10% reduction has been made here in the tariff on agri equipment. This is a big change. Along with this, let us tell you about some other changes. Tariffs on mobile industrial machinery and AC have also been reduced to 15%. So, this is big breaking news for you on the tariff front, and the bigger news is that this tariff exemption will remain applicable from June 8, 2026, to December 31, 2027. So, this big news has come early in the morning regarding trade and the agreement, in which changes have also been made in the tariffs on aluminum and copper. All these changes have been implemented in tariffs from June 8, 2026, to December 31, 2027. Only countries doing trade deals will get the benefit of tariff exemption. So, these are some big changes related to tariffs and trade, on which we have given you this big information just now.