PM Modi: India-US Trade Deal a Triumph of 'Patience, Wisdom'
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Firstpost•03-02-2026, 12:33
PM Modi: India-US Trade Deal a Triumph of 'Patience, Wisdom'
- •PM Modi announced the India-US trade deal is in its final stages, attributing its success to 'patience and wisdom' during an NDA parliamentary meeting.
- •US President Donald Trump confirmed a trade deal with India, reducing tariffs from 50% to 18% after a year of negotiations.
- •Reciprocal tariffs (25%) have been cut to 18%, and penal levies on Russian oil purchases (25%) have been eliminated.
- •PM Modi was felicitated by NDA MPs for the successful agreement, emphasizing the government's perseverance despite opposition criticism.
- •PM Modi thanked President Trump, highlighting the benefits of cooperation between the two largest democracies and economies for mutual prosperity.
Why It Matters: PM Modi credits 'patience and wisdom' for the successful India-US trade deal, reducing tariffs significantly.
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