US: Trump Announces Trade Deal with India

US President Donald Trump announced that he has reached a trade agreement with India. According to Trump, India has agreed to stop buying oil from Russia and increase purchases from the United States and possibly from Venezuela.

The agreement, as announced after a telephone conversation with Indian Prime Minister Narendra Modi, provides for a reduction of tariffs on Indian products to 18% from the current 25%.

Trump stated that Modi pledged to buy more oil from the US and possibly from Venezuela, via a post on Truth Social.

Source: ΑΠΕ ΜΠΕ