Updated On: 02 February, 2026 11:30 PM IST | New Delhi | mid-day online correspondent
US President Trump said the agreement was made “out of friendship and respect” for Prime Minister Modi and added that the deal would take effect immediately

According to US President Donald Trump, Washington will reduce the reciprocal tariff on Indian goods from 25 per cent to 18 per cent. File Pic/AFP
India and the United States have agreed a trade deal, US President Donald Trump said on Monday following a telephone conversation with Prime Minister Narendra Modi, reported the PTI.
According to Trump, Washington will reduce the reciprocal tariff on Indian goods from 25 per cent to 18 per cent.