India-US Trade Deal: Tariffs on 'Made in India' Products Reduced to 18%

• PM Modi confirmed a new trade deal with the US, reducing tariffs on 'Made in India' products from 50% to 18%.
• The announcement followed a phone call between PM Modi and US President Donald Trump.
• PM Modi thanked News18 India for their question regarding the trade deal during an NDA meeting in Parliament.
• He emphasized that cooperation between the two largest democracies benefits people and creates opportunities.
• External Affairs Minister S. Jaishankar's visit to the US coincides with efforts to finalize the bilateral trade agreement.

Why It Matters: India-US trade deal slashes tariffs on 'Made in India' goods to 18%, boosting economic cooperation.