Hope and uncertainty as India and US strike long-delayed trade deal
AFP via Getty Images
Indian Prime Minister Narendra Modi (left) last met US President Donald Trump in February at the White House, but the two have spoken on the phone several times since then
US President Donald Trump's decision to lower reciprocal tariffs on India from 50% to 18% has been met with a sense of relief in Asia's third-largest economy, even as precise details on the agreement remain sketchy.
India paid the highest tariffs in the world after Trump raised import duties on Indian goods from 25% to 50% in August last year, saying Delhi's purchase of discounted Russian oil was helping fund Moscow's war effort in Ukraine.
After his call with India's prime minister on Monday, Trump claimed Narendra Modi had "agreed to stop buyi...