Trump touts US–India trade deal and oil shift: What is known, what isn’t so far

Dubai: US President Donald Trump says the United States and India have agreed to a trade deal that will immediately lower US tariffs on Indian goods and reshape energy ties between the two countries. The announcement followed a phone call with Indian Prime Minister Narendra Modi and was made unilaterally by Trump on his Truth Social platform. India’s government had not released a detailed statement on the agreement at the time of writing, leaving much of the deal defined by Trump’s claims. Trump said the US will cut its “reciprocal” tariff on Indian goods to 18% from 25%, effective immediately. The higher tariff had been imposed last year after trade talks stalled, driven in part by US frustration over India’s continued purchases of Russian oil. The move marked one of the sharpest trade escalations between the two countries in recent years. A lower tariff eases pressure on Indian exporters selling into the US market and signals a thaw in relations after months of tension. Modi ...