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Trump Cuts Tariffs on Indian Goods to 18%. Where Do Other Countries Stand?

The US-India deal cuts tariffs from 25% to 18%, promoting $500 billion in US energy and goods sales, announced by President Trump as effective immediately.

  • Reducing the reciprocal tariff from 25% to 18%, Trump announced it is effective immediately after speaking with Prime Minister Narendra Modi.
  • Out of friendship and respect, Trump said the tariff change was made `at Prime Minister Narendra Modi's request` after their call.
  • Prime Minister Narendra Modi thanked Trump on X for the trade deal, including a BUY AMERICAN pledge and over $500 BILLION of U.S. purchases.
  • Trump claimed India would stop buying Russian oil and buy more from the United States and Venezuela, saying those shifts would help end the war in Ukraine.
  • Despite US claims, India's government has not confirmed the deal, while US officials welcomed it and President Donald Trump said India would cut tariffs and non-tariff barriers to ZERO.
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Business Today broke the news in India on Monday, February 2, 2026.
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