India-US Trade Deal Latest English news | India-US Trade Deal Online News in English at Lokmattimes.com

The market is all set for a blockbuster rally. The GIFT Nifty has spiked up over 800 points in evening trade on the back of India-US trade deal. Indian equity indices ended on strong note in the volatile session on February 2 with Nifty near 25,100. At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40.Today it's expected of a blockbuster opening after United States President Donald Trump on Monday, 2 February 2026, announced that after speaking with Indian Prime Minister Narendra Modi, the two nations have finally agreed on a long-awaited trade deal.In a Truth Social post on Monday, Trump said that the United States will reduce the ‘reciprocal’ tariffs imposed on India to 18% on all imports, compared to their current 25% levels as part of the newly agreed trade deal."Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%,” said Trump on 2 February 2026.Trump's announcement was released via his social media post on Truth Social. Indian Prime Minister Narendra Modi thanked his ‘dear friend’, President Donald Trump, for reducing the reciprocal tariffs to 18% compared to their original 25% levels. However, no announcement has been made from either side on the additional tariffs of 25% which were imposed after 25% reciprocal tariffs on India for buying Russian oil."Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement,” said Prime Minister. Narendra Modi in his post on 2 February 2026.

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India-Us Trade Deal, NewsFOLLOW

India-us trade deal, Latest News

Opinions :Bahut Der Kar Di... Huzoor Aate Aate!

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Business :Indian Stock Market Set for Strong Opening Today After Trump Announces India-US Trade Deal

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