US and India reach trade deal, Trump says after Modi call

The United States and India have reached a trade deal, according to US President Donald Trump. Following a phone call with Indian Prime Minister Narendra Modi, Trump announced that tariffs on Indian goods will be reduced from 50% to 18%. In exchange, India has agreed to stop purchasing oil from Russia, a move that aligns with the US-led sanctions on Russia following its invasion of Ukraine. The trade agreement aims to strengthen economic ties between the two countries, which have been working to enhance their strategic partnership in recent years. The reduction in tariffs is expected to boost trade between the US and India, benefiting both economies. The deal also reflects the evolving geopolitical landscape, with India's decision to halt Russian oil purchases seen as a significant move that could potentially impact Russia's economic stability. The agreement highlights the importance of diplomatic efforts in navigating complex global challenges and fostering closer cooperation between the world's largest democracies.