US and India Announce Trade Deal Cutting Reciprocal Tariffs to 18 Percent

The United States and India have reached a trade deal reducing reciprocal tariffs on Indian goods from 25-50% to 18%, effective immediately. The agreement follows a phone call between US President Donald Trump and Prime Minister Narendra Modi, with India reportedly agreeing to cut tariffs on US goods to zero and increase purchases of American products, including energy and defense. The deal ends a year-long tariff dispute, is welcomed by leaders and industry bodies, and is seen as boosting bilateral economic ties and export competitiveness. However, some experts and opposition voices urge caution, noting details and timelines remain unclear.