After more than a year of haggling, US President Donald Trump on Monday announced a major trade deal between Washington and New Delhi that significantly de-escalates economic tensions between the two nations.
A White House official also confirmed to the South China Morning Post the deal will also remove the 25 per cent punitive Russia oil tariffs.
Trump in a social media post earlier said that he held a phone call with Indian Prime Minister Narendra Modi.
“He [Modi] agreed to stop buying Russian…
Trump lifts Russia-related oil tariffs on India under new trade deal
