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As part of the deal, New Delhi will "BUY AMERICAN" at "a much higher level," and stop buying oil from Russia, according to Trump.
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U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
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Asia-Pacific markets rose after U.S. President Donald Trump said Washington and India had struck a trade deal.
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India is overcoming its aversion to free-trade deals to cozy up with Canada and other middle powers.
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