US EditionTrump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil
The deal cuts U.S. tariffs on Indian goods to 18% and includes India’s commitment to buy $500 billion in U.S. energy and goods, aiming to reduce Russia's war funding.
- 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.
564 Articles
564 Articles
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The US-India trade deal that isn't
When Donald Trump announces a “historic deal,” the room usually vibrates with superlatives. When Narendra Modi responds, the quiet is more telling than the words. Their latest exchange—a claimed swap of ending Russian oil purchases for a US tariff cut—was a masterclass in asymmetrical communication. It invited a basic but necessary question: Is this a genuine geopolitical […] The post The US-India trade deal that isn’t appeared first on Asia Tim…
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