Trump announces trade deal with India after call with Modi

President Donald Trump on Monday announced that he had reached a trade deal with India after a call with Indian Prime Minister Narendra Modi.

"Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%," Trump posted on Truth Social. "They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO."

"The Prime Minister also committed to 'BUY AMERICAN,' at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products," he added. "Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most. Thank you for your attention to this matter!"

Trump also insisted that India had agreed to stop purchasing Russian oil.

"We spoke about many things, including Trade, and ending the War with Russia and Ukraine," he added. "He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week!"

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.