AssetID: 55435381
Headline: UNCAPTIONED: Trump and Modi Seal Trade Deal, Tariffs Cut to 18%
Caption: Trump and Modi Seal Trade Deal, Tariffs Cut to 18%. US President Donald Trump says he has reached a new trade agreement with Indian Prime Minister Narendra Modi, lowering US tariffs on Indian goods from 25% to 18%. Trump announced the deal on Truth Social after a phone call with Modi, saying India will slash its trade barriers to zero and stop buying Russian oil. As part of the agreement, Washington will also drop an extra 25% tariff penalty that had been imposed over India's Russian oil purchases. Trump added that India has committed to buying more than 500 billion dollars' worth of American goods, including energy, technology, agriculture, and coal. Modi welcomed the agreement, calling it a win for cooperation between the world's largest democracies. The deal comes days after India signed a major trade pact with the European Union and has lifted US stocks slightly, though some American small businesses warn tariffs remain far higher than before. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Donald Trump,Narendra Modi,US-India trade deal,tariffs cut to 18%,Truth Social,Russian oil,trade barriers,American goods,$500 billion commitment,US tariffs,India economy,global trade,stock market reaction
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