Breaking News: Trump announces major India–US trade agreement on social media

A major breakthrough has been achieved in India–US trade relations as both countries have agreed on a long-awaited trade deal. Former US President Donald Trump announced a significant reduction in tariffs imposed on Indian goods, cutting them from 50% to 18%. The announcement was made on Trump’s social media platform, Truth Social, where he cited strong personal ties and friendship with Prime Minister Narendra Modi as a key factor behind the agreement. Following the announcement, PM Modi thanked President Trump publicly, stating that cooperation between the world’s two largest democracies creates immense mutual benefits. The tariff reduction is expected to provide major relief to India’s economy, boost exports, protect jobs, and strengthen the “Make in India” initiative. Experts note that every 1% tariff reduction helps save nearly $1 billion in exports and protects thousands of jobs. The agreement brings an end to a seven-month tariff conflict that began in April 2025 and escalated to 50% by August due to additional penalties linked to India’s oil imports from Russia. With tariffs now lowered, Indian exports to the US are expected to recover quickly, GDP growth may accelerate, investor confidence could rise, and bilateral strategic ties will strengthen. Overall, the deal is being seen as a major economic and diplomatic win for India.

Go to Source