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.
245 Articles
245 Articles
According to US President Trump, the US and India have agreed on tariff reductions. Moreover, India will no longer buy oil from Russia and invest in the US. India's Prime Minister Modi only confirmed the customs deal.
US, India strike trade deal
The US and India struck a trade deal to lower American duties on Indian goods, stabilizing the countries’ relationship after months of strain. US President Donald Trump, who had hit New Delhi with steep tariffs over its economic ties to Moscow, said Monday that India would stop buying Russian oil in exchange for the tariff reduction, and would replace it with US and Venezuelan oil. India’s leader, Narendra Modi, said he was “delighted” by the de…
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.
Donald Trump and Narendra Modi spoke on the phone this afternoon. Prices fall from 25% to 18% and New Delhi will buy thousands of millions of euros in goods. The Indian Prime Minister welcomed the decision.
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