‘We agreed to trade deal’: Trump dials PM Modi, reduces tariffs on India from 25% to 18%

US President Donald Trump dialled the Indian Prime Minister Narendra Modi, US Ambassador Sergio Gor said via post on X. The American President later shared a post on his social media platform Truth Social handle and said, “It was an honour to speak with Prime Minister Modi of India this morning. He is one of my greatest friends and a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela.”

"This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25 per cent to 18 per cent. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO," POTUS added.

The American president also said, “Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most.”

‘Unlocks immense opportunities’: PM Modi confirms reduction in US tariffs

Prime Minister Narendra Modi also confirmed the developments and said in a post on X, “Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement.”

“When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights.”

US Ambassador Sergio Gor also shared in a post on X, “As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!”