Iran, India and Trump
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US President Trump announces "trade deal" with India, saying PM Narendra Modi promised to stop buying Russian energy and may purchase it instead from Venezuela.
India and the US announced a trade deal under which Washington will reduce the reciprocal tariff on Indian goods from 25% to 18%. Prime Minister Narendra Modi welcomed the move, saying it will benefit “Made in India” products and unlock opportunities for mutual cooperation.
Trump announced US‑India trade deal, cutting reciprocal tariffs from 25% to 18% and securing India’s commitment to boost US goods purchases, while PM Modi welcomed the tariff reduction and said the partnership will unlock “immense opportunities” for both nations.
Newsable Asianet News on MSN
India-US trade deal a 'significant step' for economic ties: Experts
Following Donald Trump's announcement of a US-India trade deal, where Washington reduced reciprocal tariffs to 18%, experts hailed it as a significant step to strengthen economic ties and restore momentum in the bilateral partnership.
Trump claims India will buy Venezuelan oil instead of Iranian crude, highlighting shifting energy alliances amid US sanctions.