LIVE This Morning: India-US Interim Trade Deal Statement Released | Bangladesh Rushes For US Deal
The Indian government and the US released an official statement detailing the interim India-US trade deal, which reduces US tariffs on Indian goods from 25% to 18% in exchange for India halting purchases of Russian oil. The deal aims to stabilise trade relations, create jobs, and boost economic cooperation, following earlier tensions over sanctions and oil imports.
Moreover, Bangladesh’s interim government under Muhammad Yunus is urgently pushing for a trade and investment deal with the United States in early. The move comes as Dhaka seeks to diversify export markets, attract FDI, and gain tariff relief similar to India’s recent pact. Bangladesh aims to secure preferential access for its garments, textiles, and leather sectors, while offering concessions on energy and infrastructure cooperation.
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