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1.Asia-Pacific markets rose Tuesday after U.S. President Donald Trump said Washington and India had struck a trade deal and would immediately begin cutting tariffs on each other's goods.Trump added that Indian Prime Minister Narendra Modi had agreed to step up purchases of U.S. products, according to a Truth Social post on Monday following a call between the two leaders. https://www.cnbc.com/amp/2026/02/03/asia-pacific-markets-nifty-50-kospi-nikkei-225-india-trade-deal.html 2.United States President Donald Trump has agreed to slash US tariffs on Indian goods to 18 percent from 50 percent in exchange for India lowering trade barriers as well as stopping its purchases of Russian oil and buying oil instead from the US and potentially Venezuela. https://www.aljazeera.com/amp/economy/2026/2/2/trump-to-slash-us-tariffs-on-india-from-50-percent-to-18-percent 3.Finance Minister Nirmala Sitharaman on Sunday announced a reduction in the rate of tax collected at source (TCS) from 5% (or 20% ...