India, Feb. 3 -- Prime Minister Narendra Modi today thanked US President Donald Trump "on behalf of the 1.4 billion people of India" for reducing tariffs on Indian goods from 25 per cent to 18 per cent.

"Delighted that Made in India products will now have a reduced tariff of 18 per cent," PM Modi said in a post on X, shortly after Trump announced the tariff cut on Truth Social.

Donald Trump announced on Monday that the United States and India have agreed to a new trade deal following a phone call with Indian Prime Minister Narendra Modi.

As part of the agreement, the United States will reduce its reciprocal tariff on Indian imports from 25% to 18%, effective immediately.

He added, "When two large economies and the world's largest demo...