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.
233 Articles
233 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 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...
US President Donald Trump announced on the social network Truth Social that he would reduce tariffs on imports from India from 50 to 18 percent, after Indian Prime Minister Narendra Modi reportedly assured him that India would buy American and Venezuelan oil instead of Russian.
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