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

WASHINGTON/NEW DELHI, Feb 2 (Reuters) – U.S. President Donald ‌Trump on Monday said he had agreed on a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping ‌its purchases of Russian oil and buying oil instead from the U.S. and potentially Venezuela. Read full story

Source : https://www.thestar.com.my/news/world/2026/02/03/us-cuts-tariffs-on-india-to-18-india-agrees-to-end-russian-oil-purchases

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