CNBC's Inside India newsletter: The facts — and frictions — of the U.S.-India trade deal

Modi, in his response on X, expressed delight over the lowering of tariff of 18%, thanked Trump and extended support for his "efforts for [global] peace."Trump said Washington would cut tariffs on Indian goods to 18% from 50% , while New Delhi will lower duties on U.S. goods to zero, replace Russian oil with supply from U.S. and Venezuela, open sensitive markets such as agriculture and buy $500 billion worth of American goods.Less than a week after the India-EU trade pact was finalized , U.S. President Dona ...