US President Donald Trump announced the deal on his social media platform, Truth Social, stating that Washington would reduce reciprocal tariffs on Indian exports to 18 per cent from 25 per cent. He also claimed that India had agreed to lower tariffs on US goods and stop importing Russian crude oil.
Prime Minister Narendra Modi acknowledged the tariff reduction, describing it as a boost for “Made in India” products. However, New Delhi has not commented on the oil-related claims made by the US president.
