Trump Slashes India Tariffs as Narendra Modi Ends Russian Oil

Donald Trump announced a significant trade deal with India that reduces reciprocal tariffs to 18 percent and includes a commitment from Narendra Modi to stop purchasing Russian oil.The agreement requires India to purchase $500 billion in energy and agricultural goods from the USA while eliminating trade barriers for USA products.Global markets rallied following the announcement, which coincided with Donald Trump nominating Kevin Warsh to lead the Federal Reserve and Elon Musk merging SpaceX with xAI.