After a meeting with Prime Minister Narendra Modi, former US President Donald Trump and India struck a deal that has resulted in significant trade developments. One of the most discussed trade deals is concerning the US giving a tariff reduction on bourbon whiskey imports which is extremely favorable to Indian importers.
Both nations will benefit from this contraction in tariff barriers since it is a step further strengthening their raw trade relationship. In addition to this, the US would directly see an increase in profits from the entire Indian market and Indians would see more competitive prices which is overall good for the nation.
This agreement is yet another positive point in the already blooming diplomatic relations between India and the US. Any American or Indian business that is looking to enter into either market will find nice incentive thanks to these reduced barriers.
The foreign trade market of India is undoubtedly going to see drastic changes and challenges due to this agreement being made. With the spirit demand increasing on an international level in India while the tariff on calm bourbon gets lifted, India affordable get more freedom and options to choose from.