he facts — and frictions — of the U.S.-India trade deal

“It’s easier said than done,” is a phrase I have now heard several times from different experts as we discussed the feasibility of the terms of the U.S.-India trade deal. Less than a week after the India-EU trade pact was finalized, U.S. President Donald Trump on Monday announced in a post on Truth Social that he had agreed a deal with Indian Prime Minister Narendra Modi, calling him a “great friend.”

Trump said Washington would cut tariffs on Indian goods to 18% from 50%, while New Delhi will lower duties on U.S. goods to zero, replace Russian oil with supply from U.S. and Venezuela, open sensitive markets such as agriculture and buy $500 billion worth of American goods.

Modi, in his response on X, expressed delight over the lowering of tariff of 18%, thanked Trump and extended support for his “efforts for [global] peace.”

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