India-US trade deal, Feb. 3 -- US President Donald Trump has announced a sharp reduction in tariffs on Indian goods. Global news publications have reported the major shift in India-US trade relations.

According to Trump, following a phone call with Prime Minister Narendra Modi, the US reduced duties from 25% to 18%. At one point, the tariff peaked at 50%. This move was presented as a significant breakthrough after months of trade tension.

PM Modi "agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela," Trump claimed.

"Our amazing relationship with India will be even stronger going forward," he said.

International coverage highlighted geopolitical trade-offs linked to the deal. US me...