New Delhi, Feb. 3 -- India-US trade deal concludes nearly 12 months of tense negotiations, which comes days after the announcement of the India-EU trade deal. US Ambassador to India Sergio Gor dropped an update about the pact on social media at 9:16 PM Indian time.

Gor's announcement was followed by a lengthy post by US President Donald Trump on Truth Social, where he declared that the US "effective immediately" lowered reciprocal tariffs on India to 18% from existing 25%.

Almost two hours later, Prime Minister Narendra Modi in a post on X wrote, "Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 bi...