India and the United States finally concluded a landmark trade agreement on Monday, bringing an end to a heated tariff dispute that stretched across a full year. On Monday, US President Donald Trump announced an immediate reduction in reciprocal tariffs on Indian exports to 18% from the previous 25% offering long-awaited relief to Indian exporters. The breakthrough was confirmed following a phone conversation between Trump and Prime Minister Narendra Modi, signalling a major reset in bilateral trade relations after months of tense exchanges.
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