Trump Announces Tariff Cuts, India to 'Buy American' in Major US-India Trade Deal

• US President Donald Trump announced a significant phone conversation with PM Narendra Modi, discussing trade, the Russia-Ukraine war, and energy imports.
• Trump stated Modi agreed to stop buying Russian oil, opting for US and potentially Venezuelan oil to help end the Russia-Ukraine conflict.
• A trade deal was agreed upon, with the US reducing reciprocal tariffs from 25% to 18% at Modi's request.
• India is expected to adopt a "Buy American" policy, purchasing over $500 billion in energy, technology, agriculture, and other products.
• The Indian government has not yet made an official announcement regarding reduced Russian energy imports, but pressure is mounting.

Why It Matters: Trump announced a US-India trade deal with tariff cuts and India's commitment to 'Buy American' and shift from Russian oil.