India-US Trade Deal: Tariffs Reduced, Broader Agreement Talks Continue

• President Trump announced a trade deal reducing US tariffs on Indian goods to 18% and removing a 25% penalty on Russian oil purchases.
• In return, Trump stated India will reduce tariffs on US products to 0%, though India has not officially confirmed these details.
• The agreement reportedly includes some agricultural products, a previous point of contention, and addresses US demands for tariff cuts in sectors like automobiles.
• US Secretary of Agriculture Brooke Rollins highlighted the deal as an "America First" win, aiming to boost US farm exports and rural incomes.
• Indian officials indicate talks will continue for a more comprehensive agreement, while experts urge caution due to lack of official documentation and clarity on commitments.

Why It Matters: A new India-US trade deal reduces tariffs, but official details are scarce as broader agreement talks continue.