India and the US finally agreed to a trade deal that has been months in the making, as US President Donald Trump on Monday said that the US “effective immediately” has lowered tariffs on India to 18% from 50%.

Trump said that India has agreed to stop buying Russian oil and buy much more from the US and potentially Venezuela, and has agreed to purchase $500 billion worth of US energy, agriculture, coal and other products under the trade deal.

The India-US trade deal announced by President Donald Trump and confirmed by PM Narendra Modi has sparked debate in New Delhi, as ministers praise its benefits while key figures across politics and industry seek clarity on its real impact,

ABP Live Deep Dive | Prime Minister Narendra Modi and US President Donald Trump held a detailed phone conversation today during which they discussed tariffs, global conflicts, bilateral trade, and strategic cooperation.

The US and India have announced a new trade agreement to boost bilateral economic ties. White House Press Secretary Karoline Leavitt stated that India has committed to stop purchasing Russian oil and increase energy imports from the US,