US and India reach trade deal, Trump says after Modi call
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Following a phone call between Donald Trump and Narendra Modi, the US and India have reportedly reached a trade deal. Trump announced the agreement on Truth Social, stating the US will lower tariffs on Indian goods to 18% from 25%. In return, India will reduce trade barriers to zero, cease purchasing Russian oil, and increase purchases of US goods to over $500 billion. The deal includes dropping a 25% tariff penalty previously imposed due to India's Russian oil imports. Modi expressed delight at the agreement, highlighting the benefits of cooperation between the two countries. The announcement comes shortly after India and the European Union finalized their own trade agreement.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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