US EditionWhat the US-India Trade Deal Really Means
Tariffs on Indian goods will be cut to 18%, removing a 25% toll on Russian oil imports, with India agreeing to buy over $500 billion in US products, analysts urge caution.
- On Feb 3 | Yesterday, President Donald Trump announced a US-India trade deal with tariff reductions and removal of a 25% toll on Russian oil purchases, according to the White House.
- Officials say the standoff grew from a US reciprocal trade strategy and April 2025 tariffs, while foreign investors pulled over $20 billion amid Modi’s pledge to stop buying Russian oil.
- Markets and exporters hailed the announcement as Mumbai's benchmark Nifty index jumped nearly 5% and the Federation of Indian Export Organisations called it `father of all deals` on Feb 3.
- Labour-Intensive exporters face immediate relief as lower US duties make Indian exporters equally competitive with South-east Asian and South Asian rivals, supporting Indian manufacturing and supply chains.
- The declaration functioned as a leader-level commitment and de-escalation signal, with detailed legal texts and sector schedules pending while India's strategic autonomy limits sweeping concessions.
12 Articles
12 Articles
Team Trump Frames India-US Deal For Economic Gains Even Without Fine Prints
Senior officials in the Donald Trump administration have moved swiftly to define the public narrative around the newly announced US-India trade deal, presenting it as a decisive economic win for American exporters.
Modi officials move to allay fears US deal is bad for India
Two days after U.S. President Donald Trump announced a surprise trade deal with India, New Delhi officials moved to counter concerns that the country may have made too many concessions to secure lower tariffs. Over the past 24 hours, Commerce ...
India has recently opened up many options on the world market with several trade agreements. US President Trump was probably afraid to get too short - says Franziska Amler. So he concluded his own agreement and reduced tariffs.
The Independent
The Independent (US)Trump claims he has a trade deal with India – but what has really been agreed?
Agreement leaves key questions unanswered as fine print and details remain elusive
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
