00:00President Donald Trump announced a new U.S.-India trade deal cutting tariffs on Indian goods
00:05just days after the European Union finalized its own landmark agreement with New Delhi.
00:11The move signals Washington's determination not to fall behind global competitors after
00:15a flurry of trade pacts among the EU, India, China and Canada left the U.S. looking sidelined.
00:22The U.S. president said America would slash India's main tariff rate to 18 percent and
00:27remove additional penalties while India would dramatically boost purchases of U.S. energy,
00:33technology and agricultural products.
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