Modi Praises Trump as US Slashes Tariffs on Indian Goods to 18%

• US President Donald Trump announced a reduction in tariffs on Indian export products from 50% to 18%.
• Prime Minister Narendra Modi thanked Trump, calling him a "dear friend" and praising his leadership for global peace and stability.
• Modi highlighted that cooperation between the world's largest democracies benefits people and creates opportunities.
• Trump claimed India agreed to reduce its tariffs and non-tariff barriers on US products to zero and increase purchases of American goods and services.
• Trump also stated that India would stop buying Russian oil and increase oil purchases from the US and potentially Venezuela.

Why It Matters: US slashes tariffs on Indian goods to 18%, fostering stronger trade ties and global cooperation.