US EditionTrump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil
- On Monday, February 2, 2026, US President Donald Trump announced lowering tariffs on Indian goods from 25% to 18% after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil.
- The dispute grew after India increased purchases of discounted Russian oil following the 2022 Russian invasion of Ukraine, leading Trump to impose reciprocal and Russia-linked duties that pushed tariffs as high as 50%.
- Trump and Indian officials said the deal includes purchase pledges, with Modi committing to buy over $500bn of U.S. goods and to reduce tariffs and non‑tariff barriers to zero.
- News reports described the agreement as deescalating bilateral tensions, while Indian exports to the US that had plunged after Trump's tariffs may now recover.
- Amid other trade deals, the announcement follows the European Union‑India free trade deal and precedes Abu Dhabi talks with Russian and Ukrainian officials later this week.
375 Articles
375 Articles
US-India trade deal will elevate strategic partnership, spur growth in economy: Here's who said what
From Union Minister Amit Shah to EAM S Jaishankar, various political leaders hailed the announcement by US President Donald Trump on India-US trade deal and said it will elevate strategic partnership and spur growth in economy of the country. 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…
The United States and India have reached an agreement on trade issues. President Trump and head of government Modi announced that US tariffs on goods from India should be reduced to 18 percent. There should also be an agreement on the purchase of Russian oil.
India-US Trade Deal: A Boost for Farmers and Entrepreneurs
India-US Trade Deal: A Boost for Farmers and Entrepreneurs In a significant development, Commerce and Industry Minister Piyush Goyal announced a new trade agreement between India and the United States that is poised to unlock substantial opportunities for Indian farmers, MSMEs, and entrepreneurs. This agreement, hailed as a landmark deal by both nations, will see a reduction in tariffs on Indian exports to the US from 25% to 18%.The India-US tra…
US to cut tariffs on India to 18pc, New Delhi agrees to end Russian oil purchases
NEW DELHI, Feb 3 — US President Donald Trump yesterday announced a trade deal with India that slashes US tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India halting Russian oil purchases and lowering trade barriers.Trump announced the deal on social media following a call with Indian Prime Minister Narendra Modi, noting that India would now buy oil from the US and potentially Venezuela.A White House official told Reuter…
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