In a significant development, President Trump has announced a long-awaited trade deal with India, which will see U.S. tariffs on Indian imports slashed from 25% to 18%. This agreement comes after Indian Prime Minister Modi committed to halting purchases of Russian oil. The trade deal aims to improve economic relations between the two countries and alleviate tensions. Following the news of the agreement, the stock market reacted positively, with indexes showing noticeable gains. U.S. Ambassador remarked that discussions between Trump and Modi were fruitful, paving the way for this crucial economic partnership.