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Home»Business»India-U.S. trade deal LIVE: Trump cuts India tariffs, says Modi will stop buying Russian oil
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India-U.S. trade deal LIVE: Trump cuts India tariffs, says Modi will stop buying Russian oil

editorialBy editorialFebruary 3, 2026No Comments1 Min Read
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India-U.S. trade deal LIVE: Trump cuts India tariffs, says Modi will stop buying Russian oil
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18% U.S. tariff on ‘Made in India’ products, says PM Modi after phone call with President Trump

Indicating a positive turn in a bilateral relationship that had been under strain because of multiple issues, Prime Minister Narendra Modi announced that “Made in India” products will “now” attract a “reduced tariff of 18%” in the U.S., after a telephonic conversation with President Donald Trump on Monday.

The move is expected to significantly reduce the impact of the 50% penalty tariffs that Mr. Trump had imposed on India in August 2025.

Commerce and Industry Minister Piyush Goyal welcomed the developments.

Read more on this here….

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