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Trump slashes tariffs on India

Trump cuts deal with India to reduce tariffs, increase oil purchases

Donald Trump said he was lowering the tariff on India as part of a deal for the country to stop buying Russian oil and increase purchases from the United States.

· 22h

Trump says U.S. and India reached trade deal, will lower tariffs immediately

Al Jazeera on MSN · 3h

Modi, Trump announce India-US ‘trade deal’: What we know and what we don’t

· 11h

India-U.S. trade deal LIVE: Industry welcomes deal, sees tariff cuts boosting growth and competitiveness

U.S. President Donald Trump announced a trade deal with India on Monday (February 2, 2026), saying that Prime Minister Narendra Modi has promised to stop buying Russian oil over the war in Ukraine.

· 18h

India-US trade deal: Nifty 50 to Sensex — what does it mean for the Indian stock market? Experts pick 21 stocks to buy

· 19h

Trump's India oil diplomacy won't defy market forces

· 20h

India-US trade deal: India will drop Russian oil, pivot to US, Venezuela, says Trump

The shift could reshape global oil flows and prices, as refiners move away from discounted Russian supplies.

· 18h

US to cut tariffs on India to 18%, India agrees to end Russian oil purchases

· 23h

After call with PM Modi, Trump announces trade deal with India, lowering of tariffs to 18%

Council on Foreign Relations

U.S.-India Trade Truce Announced

Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Top of the Agenda The United States will lower tariffs on Indian goods to 18 percent,

India-US Trade Deal LIVE: 'Will Shortly Issue Joint Statement': Piyush Goyal On India-US Trade Deal

US President Donald Trump announced a trade deal between India and the United States on Monday, adding that the US reciprocal tariffs on India would be slashed to 18 per cent.

Zacks.com on MSN

Indian ETFs set to soar after US pledges to cut tariffs to 18%

On Feb. 2, 2026, a long-awaited breakthrough was announced as the United States promised to slash its reciprocal tariffs on Indian goods from a peak of 50% to 18% following the signing of a landmark trade deal by U.