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% to incentivize India to stop buying Russian oil and boost U.S. energy and goods exports by over $500 billion, officials said.
- 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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What We’re Watching: Trump and Modi make up, & More
Modi and Trump finally make upAfter months of simmering tensions, Indian Prime Minister Narendra Modi and US President Donald Trump – two old friends – finally reached an agreement: Washington will drop tariffs on Indian exports from 50% to 18%, and in return, New Delhi will halt Russian oil purchases. Instead, it will buy from the US and possibly Venezuela. Trump had been pushing India, the second-largest buyer of Russian crude, to stop procuri…
According to US President Donald Trump, in the course of the settled trade dispute with India, India has also achieved, according to its own words, that it would renounce Russian oil. But can India even get along without its major supplier? And would that even want Delhi?
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HUGE: Trump, Modi Finalize Trade Deal Between U.S. and India, Modi Agrees to End Russian Oil Imports
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U.S. and India reach new trade agreement as Pres. Trump announces tariff cuts
President Donald Trump announced Monday that the United States and India have finalized a new trade deal that lowers tariffs on Indian imports and reshapes India’s energy purchases, following a phone call with Indian Prime Minister Narendra Modi. Under the deal, the U.S. will reduce its reciprocal tariff on Indian goods from 25% to 18%, while India has agreed to cut its tariffs and non-tariff barriers on American products to zero. Trump said the…
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