Amaravati, Feb 3 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday hailed the US-India trade deal as a historic milestone for global stability.

India and the US agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, President Trump said on Monday after a phone conversation with Prime Minister Modi.

"A historic milestone for global economic stability! I congratulate PM Narendra Modi ji on concluding this landmark trade agreement with the US," Naidu said in a post on 'X'.

Reducing tariffs to 18 per cent is a visionary move that strengthens the bond between the world's two greatest democracies and ensures continued global growth, he said.

Under the PM's leadership, India is cementing its role as a global economic powerhouse, observed the TDP supremo, adding that the Indo-American deal will significantly boost India's export competitiveness, creating immense opportunities for our youth and farmers, including those in Andhra Pradesh. PTI STH KH

US-India trade deal reduces reciprocal tariffs to 18%, intended to boost Indian export competitiveness and bilateral economic ties. The bilateral trade instrument reduces the reciprocal tariff to 18 per cent from 25 per cent, modifying market access for Indian goods and intended to enhance export competitiveness and bilateral economic cooperation by lowering tariff barriers.