US-India trade deal: What we know so far

President Trump has announced a reduced tariff of 18% for New Delhi, nearly a year after imposing a 50% rate

The US-India trade deal announced after months of uncertainty is expected to provide an edge to exports, stabilize the rupee, boost investor sentiment, and offer an impetus to the South Asian nation’s economy.

India will reduce tariffs and non-tariff barriers against the US to zero, Trump said. New Delhi has also committed...