India US Trade Deal: How is the India-US trade agreement a big diplomatic victory? The reason is that India and the US are strategically complementary to each other. Understand how the world is changing...

India and the US have agreed on a trade deal. The details of this deal have not yet been revealed, but the US has announced to reduce the 50 percent tariff imposed on India to 18 percent. To understand how big a deal this is, first know the tariffs imposed by the US on the countries around you.

Countries facing high tariffs

Some of the countries facing the highest tariffs in the US include Brazil (50 per cent), Myanmar (40 per cent), Laos (40 per cent), China (37 per cent) and South Africa (30 per cent). At the same time, the US is imposing tariffs on India's neighboring countries Vietnam (20 per cent), Bangladesh (20 per cent), Pakistan (19 per cent), Malaysia (19 per cent), Cambodia (19 per cent) and Thailand (19 per cent).