Asia-Pacific markets looked set to rise after U.S. President Donald Trump said Washington and India had struck a trade deal.

The U.S. and India have reached a trade deal, President Donald Trump announced.

Asia-Pacific markets looked set to rise after U.S. President Donald Trump said Washington and India had struck a trade deal.

As part of the deal, New Delhi will "BUY AMERICAN" at "a much higher level," and stop buying oil from Russia, according to Trump.

U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.

As part of the deal, New Delhi will "BUY AMERICAN" at "a much higher level," and stop buying oil from Russia, according to Trump.