1 hour ago
Last Updated:February 02, 2026, 23:09 IST
The US and India finalized a landmark trade deal, reducing tariffs on Indian imports from 50 percent to 18 percent, credited to Donald Trump and PM Modi's strong relationship.
Trump and Modi (Image: Reuters/File)
The United States and India have reached a landmark trade deal after months of negotiations, with the Donald Trump administration cutting down tariffs on Indian imports from 50% to 18%, envoy Sergio Gor confirmed in an exclusive conversation with CNN-News18.
“All the credit goes to President Trump and PM Modi. The two leaders have a great personal relationship, which has carried the deal forward. The number that will be finalised will be 18%," Gor said.
Calling the announcement an “incredible news", Gor said this is a “new era" and asserted that the US is open to business.
Trump, earlier today, announced that the trade deal with India, cutting down tariffs to 25%.
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First Published:
February 02, 2026, 23:00 IST
News business US Has Cut India Tariffs To 18% From 50%, Envoy Sergio Gor Says
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