US EditionTrump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil
The U.S. tariff on Indian goods drops from 25% to 18% as India commits to sharply reduce Russian oil imports and increase $500 billion in U.S. product purchases.
- 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.
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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.
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