US EditionTrump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil
The deal removes punitive tariffs on India after Modi pledged to sharply cut Russian oil imports and boost $500 billion in U.S. energy and goods purchases, Trump 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…
Trump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil | Chattanooga Times Free Press
President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil.
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?
India's Modi praised for U.S. trade deal as opposition questions impact on agriculture
Indian lawmakers from the ruling coalition praised Prime Minister Narendra Modi for striking a deal with the U.S. to reduce tariffs on Indian goods. The opposition questions the impact on sensitive sectors like agriculture. President Donald Trump announced plans to…
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