India

India-US trade deal finalised, reciprocal tariffs to be cut: Donald Trump

February 2, 2026

U. S. President Donald Trump announced a trade deal with India following a phone call with Prime Minister Narendra Modi, which includes a reduction of reciprocal tariffs from 25% to 18%. The deal, which aims to enhance trade between the two nations, also involves India's commitment to reduce imports of Russian oil and increase purchases of U. S.

India-US trade deal finalised, reciprocal tariffs to be cut: Donald Trump

Key Highlights

Reciprocal tariffs between the U. S. and India will be reduced from 25% to 18%.
The trade deal was announced after a phone call between Trump and Modi.
India will stop buying Russian oil and increase imports from the U. S. and potentially Venezuela.
The trade deal is effective immediately, providing instant tariff relief for India.
Trump expressed strong support for Modi, calling him a respected leader.

India Economy

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

India-US trade deal finalised, reciprocal tariffs to be cut: Donald Trump

Key Highlights

Sources

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