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Trump announces India trade deal after call with PM Modi

US President Donald Trump on Monday announced a new trade deal with India featuring lower reciprocal tariffs and expanded market access, while claiming that New Delhi would halt purchases of Russian oil and sharply increase imports of American goods. India has now confirmed the tariff reduction portion of the agreement, with Prime Minister Narendra Modi welcoming the move in a public statement after the call.Trump claimed India will move forward to reduce "tariffs and non tariff barriers" against the US to zero.Trump said Modi also committed to "buy American" at a much higher level, in addition to over USD 500 billion dollars of US energy, technology, agricultural, coal, and many other products. "Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that get things done something that cannot be said for most," he said.
Prime Minister Narendra Modi thanked US President Donald Trump - "on behalf of the 1.4 billion people of India" - for reducing tariffs on Indian goods from 25 per cent to 18 per cent. "Delighted that Made in India products will now have a reduced tariff of 18 per cent," PM Modi said in a post on X, minutes after Trump announced the tariff cut on Truth Social.

Trump also called PM Modi "one of my greatest friends, and a powerful and respected leader of his country." The US India Strategic Partnership Forum (USISPF) in a statement said the reduction of India's reciprocal tariff to 18 per cent marks an important and positive first step.While the agreement's specifics are pending, the announcement signals strong political will on both sides to move toward a comprehensive US-India bilateral trade agreement that addresses tariffs, market access, non-tariff barriers, and other trade-related issues across a wide range of sectors.


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