New Delhi, Feb. 2 -- United States President Donald Trump on Saturday stated the United States and India have reached a trade agreement under which the US will apply a reduced reciprocal tariff, cutting the rate from 25% to 18%.

Prime Minister Narendra Modi also confirmed a call with Trump and thanked him for reducing the tariff.

In a post on Truth Social, Trump said that US relationship with India will be even stronger going forward. "It was an honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country."

Trump added that "Prime Minister Modi and he are two people that GET THINGS DONE, something that cannot be said for most."

"We spoke about man...