New Delhi, Feb. 3 -- Finance Minister Nirmala Sitharaman on Tuesday welcomed the announcement of the India-United States trade deal under which Washington has reduced tariffs on Indian goods to 18 per cent.

She said the move would benefit Made in India products and people of both democracies.

In a post on X, Sitharaman wrote, "Good news for Made In India products. They will now face reduced tariff of 18%."

"Thanking the leadership of PM @narendramodi and @POTUS for this development. People of our two large democracies stand to benefit," the post read.

This comes after Trump said on Monday that the US and India "have agreed to a trade deal," with Washington reducing the reciprocal tariff from 25 per cent to 18 per cent "out of friendsh...