Trump says U.S. and India agree to trade deal, lowers 'reciprocal tariff' on India to 18%

Core Point - President Trump announced a series of agreements with Prime Minister Modi of India, including a commitment from India to stop purchasing Russian oil and a trade deal involving tariff reductions [2][3]. Group 1: Agreements - India will cease buying Russian oil as part of the agreements made during the conversation between President Trump and Prime Minister Modi [2]. - The trade deal includes a reduction of tariffs on Indian goods from 25% to 18%, while India will implement zero tariffs and trade barriers against the United States [3]. Group 2: Confirmation and Future Steps - The confirmation of the terms of the deal is pending from the Indian government, indicating that further details may emerge [3].