US President Donald Trump announced a trade deal between India and the United States on Monday, adding that the US reciprocal tariffs on India would be slashed to 18 per cent.

The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.

The move comes after months of President Donald Trump's pressing India to cut its reliance on cheap Russian crude.

India’s prime minister, Narendra Modi, confirmed the reduction in tariffs, though he was mum on Mr Trump’s claim that India had committed to buy more American goods, including $500bn worth of energy and agricultural products.

India-US trade deal: According to experts, the Indian stock market may have a gap-up opening on Monday and the Nifty 50 index may break above 25,500 hurdle in the near term

There could be a renewed push to conclude a U.S.-India trade deal, analysts say, as the White House sees other countries signing trade deals.

Pakistan have threatened to boycott their T20 World Cup 2026 game against India, which will take place in Colombo on February 15. Both India and Pakistan are in Group A with USA, Namibia, and the Netherlands.

The India vs USA T20 World Cup 2026 warm-up match will be played at the DY Patil Stadium in Navi Mumbai on February 2, 2026, Monday. The match will start at 05:00 PM IST. When will the toss of the India vs USA T20 World Cup 2026 warm-up match take place?