US President Donald Trump has announced the US-India trade deal, pledging to slash tariffs on Indian goods to 18 per cent from 25 per cent, bringing an end to months of uncertainty. A lot remains unclear about the terms of the deal, but Trump said New Delhi has agreed to several measures, including stopping Russian oil trade, reducing tariffs and non-tariff barriers to “zero”, and buying over $500 billion of US goods, including energy, technology, agricultural products, and coal.
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