Multiple choice

As of February 7, 2026, which significant change has the US implemented regarding Indian exports under the new Interim Trade Agreement?

  1. Reduction of tariffs from 50% to 18%

  2. Imposition of a 10% digital services tax

  3. Complete removal of all textile quotas

  4. Increase of tariffs on organic chemicals
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A Correct answer
Explanation

The agreement marks a major shift, reducing US tariffs on key Indian goods from 50% down to 18%, significantly boosting export competitiveness.

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