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.
189 Articles
189 Articles
US cuts India tariffs, India to stop buying Russian oil
US President Donald Trump has said he had agreed on a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the US and potentially Venezuela.
U.S. President Donald Trump has announced a trade agreement with India, following a conversation with Prime Minister Narendra Modi, who pledged to leave...
The United States and India have reached a trade agreement, under which the US will reduce import duties on India from 25 percent to 18 percent. Both US President Trump and Indian Prime Minister Modi announced this. Trump is also withdrawing the additional 25 percent tariff penalty that had been in effect since August. According to Trump, India has agreed to stop buying Russian oil, but Modi himself remains silent on this. "He's also agreed to b…
The Independent
The Independent (US)Trump lowering tariffs on India after it agreed to stop buying Russian oil
The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude
Trump says he'll lower tariffs on India after Modi agrees to stop buying Russian oil
U.S. President Donald Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18 per cent from 50 per cent in exchange for India lowering trade barriers and stopping its purchases of Russian oil.
After months of negotiations, the United States and India have reached an agreement: US import duties on Indian products will be reduced from 50 to 18 percent. In…
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