New Delhi, Feb. 3 -- After months of discussions and speculation, a trade deal between India and the United States has finally been agreed upon. US President Donald Trump took to social media on Monday to announce the pact, which was welcomed by Prime Minister Narendra Modi and other Indian ministers.

Here's what Trump claimed:

1. PM Modi agreed to stop buying Russian Oil

2. PM Modi agreed to buy much more from the US and, potentially, Venezuela.

3. The US will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%.

4. India will move forward to reduce their tariffs and non-tariff barriers against the US to ZERO

5. PM Modi committed to 'BUY AMERICAN,' at a much higher level - India to buy over $500 billion dollars of US ene...