PM Modi, Trump Phone Call Confirmed by Sergio Gor; Trade Deal, Global Situation Discussed

• US Ambassador to India, Sergio Gor, confirmed a phone call between President Donald Trump and Prime Minister Narendra Modi via social media platform 'X'.
• Prior to the call, Trump shared India-related pictures and announced a reduction in tariffs from 25% to 18%.
• The conversation likely focused on the US-India trade deal, which is reportedly in its final stages of negotiation.
• The call comes amidst a changing global situation, including renewed US-Iran nuclear talks and India's expanding trade relations.
• The news positively impacted the stock market, with GIFT Nifty seeing a 200-point jump, indicating market optimism.

Why It Matters: PM Modi and Donald Trump discussed trade and global issues, signaling progress in US-India strategic relations.