US and India Agree on Trade Deal
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The United States and India successfully reached a trade deal, according to US President Donald Trump. He announced this news after a phone call with Indian Prime Minister Narendra Modi. A trade deal is an important agreement between countries to make it easier to buy and sell goods and services. These agreements often aim to reduce taxes on imported products, known as tariffs. By reaching this deal, both nations hoped to improve their economic relationship and boost trade between them, potentially benefiting businesses and consumers in both the US and India.
Key Vocabulary & Phrases
Trade deal
A formal agreement between two or more countries about how they will buy and sell goods and services from each other.
Example: "The two countries signed a new trade deal to lower taxes on agricultural products."
Reach a deal
To successfully come to an agreement after discussions or negotiations.
Example: "After many meetings, the companies finally reached a deal on their new project."
Tariff
A tax or duty to be paid on a particular class of imports or exports.
Example: "The government decided to impose a tariff on imported cars to protect local manufacturers."
Negotiate
To discuss something formally in order to reach an agreement.
Example: "My parents are trying to negotiate a better price for their new house."Let's Discuss!
Why do you think countries like the US and India try to make trade deals? What are some possible benefits or drawbacks for each country?
なぜ米国やインドのような国々は貿易協定を結ぼうとするのだと思いますか？それぞれの国にとって、どのような利益や不利益があるでしょうか？
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