India-US trade deal, Feb. 3 -- India and the United States have announced a crucial trade agreement that brings immediate relief to Indian exporters. Washington has reduced reciprocal tariffs on Indian goods to 18% from 25%, a move that is effective immediately and signals a reset in trade dynamics between the two countries.

US President Donald Trump confirmed the development, saying, "We agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and non-tariff barriers against the United States to ZERO," signalling swift implementation and mutual market access.

The announcement comes a...