India-US Ink Major Trade Deal: Tariffs Slashed, New Era of Economic Ties Begins

• India and the US have announced a significant trade agreement, reducing US tariffs on Indian goods by 50% to 18%.
• The deal resolves a long-standing issue, with India's S. Jaishankar and Piyush Goyal leading negotiations.
• US Ambassador to India, Sergio Gor, praised the agreement, highlighting 'limitless possibilities' for bilateral relations.
• Sergio Gor, a close associate of Donald Trump, was appointed Ambassador to India and Special Envoy for South and Central Asia in 2025.
• Gor emphasizes strengthening India-US ties, citing a historic opportunity for diplomacy and strong personal trust between Trump and PM Modi.

Why It Matters: India and the US have finalized a major trade deal, significantly lowering tariffs and opening new avenues for cooperation.