India and U.S. Announce Tariff Reduction Deal Amid Strategic Questions
India and the United States have reached a trade agreement to reduce reciprocal tariffs to 18%, down from 25%. Prime Minister Narendra Modi and President Trump confirmed the deal following a telephone discussion, coinciding with External Affairs Minister S. Jaishankar’s visit to Washington. While the Indian government hails the move as a historic milestone for 'Make in India' and economic growth, several strategic details remain unconfirmed. President Trump claimed India agreed to stop Russian oil imports and purchase $500 billion in American goods, assertions New Delhi has not yet verified. The opposition Congress party has criticized the agreement, labeling it a 'capitulation' to U.S. pressure. Key questions persist regarding agricultural market access and the finalized text of the Free Trade Agreement.