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.
323 Articles
323 Articles
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.
India-US seal landmark trade pact after year-long tariff standoff: A timeline of key events
India and the US have clinched a major trade pact that slashes tariffs to 18%, ending a year-long dispute marked by steep duties and fierce negotiations. The agreement followed months of diplomatic engagement, tense exchanges and multiple setbacks.
India-US Trade Deal: A Boost for Farmers and Entrepreneurs
India-US Trade Deal: A Boost for Farmers and Entrepreneurs In a significant development, Commerce and Industry Minister Piyush Goyal announced a new trade agreement between India and the United States that is poised to unlock substantial opportunities for Indian farmers, MSMEs, and entrepreneurs. This agreement, hailed as a landmark deal by both nations, will see a reduction in tariffs on Indian exports to the US from 25% to 18%.The India-US tra…
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