The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.

Indian industry has welcomed lower tariffs, but experts caution against celebration until details are clearer.

Explore the timeline of key events leading to the historic India-U.S. trade deal.

The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.

US president says deal reached with India after Modi agreed to stop buying Russian oil. But details are scarce.