India, Feb. 3 -- The United States and India have reached a new trade agreement following direct talks between US President Donald Trump and Indian Prime Minister Narendra Modi, signaling a notable shift in bilateral economic and strategic relations.

President Trump announced on Monday that Washington would lower its tariffs on Indian goods to 18 percent, down from 25 percent, offering relief to Indian exporters affected by higher duties in recent years. However, an additional 25 per cent tariff on Indian exports to the US remains in place, as per Trump's Truth Social post.

The announcement was made through posts on Trump's social media platform, where he highlighted the personal rapport between the two leaders as a driving force behind...