US and India Reach Trade Agreement

The US and India have reached a trade deal, announced by US President Donald Trump after a phone call with Indian Prime Minister Narendra Modi. The deal involves the US dropping tariffs on Indian goods from 50% to 18%, while India agrees to stop buying Russian oil and increase purchases of US goods worth over $500 billion. The agreement comes after strained trade relations between the two countries and follows a similar trade deal between India and the European Union.

President Trump announced a trade deal with Indian Prime Minister Narendra Modi, lowering tariffs on Indian products to 18% and halting India's purchase of Russian oil. Modi agreed to buy more American products, including over $500 billion in U.S. energy, technology, and agriculture goods. The deal aims to improve the U.S.-India relationship strained by India's continued trade with Russia during the Ukraine war. Trump imposed tariffs on Indian products last year to pressure India to stop buying Russian oil. The trade agreement also includes India's commitment to reduce tariffs and non-tariff barriers against the U.S. to zero.

The U.S. and India have announced a trade framework deal after months of negotiations, raising hopes for a strategic reset in their relations. However, the lack of detail and clear timeline has fueled doubts over the implementation of the agreement. President Donald Trump claimed that India agreed to stop buying Russian oil and reduce its tariffs on U.S. goods to zero, while the U.S. would lower reciprocal tariffs on India to 18% from 25%. Indian Prime Minister Narendra Modi confirmed the new tariff rate but did not mention Russian oil or Trump's claim about eliminating levies on American goods. Analysts are skeptical about the deal's details and the trust between the two nations, citing past tensions and mistrust.

India's Nifty 50 stock index rose 3% after the U.S. and India announced a long-awaited trade deal, cutting U.S. tariffs on Indian exports to 18% from 25%. The deal is expected to boost investor sentiment and stimulate the Indian economy. U.S. President Donald Trump stated that India will reduce its tariff and non-tariff barriers against the U.S. to zero. The agreement has led to a relief rally in the Indian equity market, with gains led by Adani Enterprises, Adani Ports, and Jio Financial Services. The rupee strengthened 1% following the announcement.

The United States and India have reached a trade truce after months of friction. As part of the agreement, the US will reduce tariffs on Indian goods, and India will stop purchasing Russian oil. The US 'reciprocal' tariff on Indian goods will decrease from 25% to 18%, and an additional 25% levy imposed due to India's purchases of Russian oil will be lifted. The deal was announced by President Donald Trump on February 2nd, 2026.

The US and India have ended their trade war after President Trump and Prime Minister Modi announced a deal on social media. The terms of the agreement are unclear, but it includes a reduced tariff rate of 18% on Indian goods, down from 50%. India is expected to reduce its tariffs and non-tariff barriers against the US, but experts are skeptical about the feasibility of eliminating all barriers. The deal also touches on India's purchase of Russian oil and its commitment to buying more from the US.

The US and India have reached a trade deal that lowers tariffs on goods traded between the two countries. The US will reduce tariffs from 50% to 18% on Indian goods such as jewelry and textiles, while India will reportedly reduce tariffs on US goods to zero from 17%. Experts note that the deal is transactional and lacks strategic depth, and does not address the rupture in bilateral ties. The deal may give India a competitive edge against ASEAN countries, but its impact on India's purchases of Russian oil and the ongoing Ukraine war is uncertain. Analysts predict that the deal will not rebuild strategic confidence between the two nations.