Core Points - The U.S. and India have reached a trade deal that includes lowering tariffs on each other's goods [1][2] - Prime Minister Modi has committed to significantly increase purchases of American products and to stop buying Russian oil [1][2] - The U.S. will reduce its reciprocal tariff from 25% to 18%, while India will aim to eliminate its tariffs and non-tariff barriers against U.S. goods [2] Trade Agreement Details - The trade deal will facilitate the purchase of over $500 billion worth of U.S. energy, technology, agricultural, coal, and other products by India [2] - Modi's commitment to "Buy American" is a key aspect of the agreement, indicating a stronger economic relationship between the two countries [2] - The agreement is positioned as a step towards ending the war in Ukraine by reducing reliance on Russian oil [2]