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jews: "INDIA GOING TO STOP BUYING RUSSIAN OIL" (tbf)
| queensbridge benzo | 02/02/26 |
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Date: February 2nd, 2026 3:20 PM Author: queensbridge benzo U.S. Will Cut Tariffs on India to 18% in Trade Deal Summarize Indian Prime Minister Narendra Modi also agrees to stop buying Russian oil and boost American purchases, according to Trump
Feb. 2, 2026 at 2:19 pm U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands. The U.S. has agreed to reduce tariffs to 18% on India, which in turn will stop buying Russian oil, President Trump said Monday, in a deal aimed at easing trade tensions between the two countries.
Trump last year levied a 25% tariff on India for its purchases of Russian oil, on top of a 25% “reciprocal” tariff that Trump imposed on the nation.
In a post on Truth Social, Trump said he and Indian Prime Minister Narendra Modi “agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%.”
Additionally, Trump said Modi “agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela.” That commitment will mean that the 25% tariff on India over the oil purchases will be dropped, a White House official said, making the final tariff number 18%.
In a post on X, Modi said he was “Delighted that Made in India products will now have a reduced tariff of 18%” following a conversation with Trump. The Indian Embassy didn’t immediately respond to requests for comment.
As part of the trade deal, Trump also said India would “move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO,” and commit to purchasing $500 billion worth of U.S. energy and agricultural products.
Trump said the lower reciprocal tariffs on India would take effect immediately, although the White House hasn’t yet published any official action to change tariff rates.
A deal between the U.S. and India would cap a monthslong saga of trade negotiations and tariff impositions that strained the relationship between two of the world’s largest democracies.
U.S. imports from India, monthly Source: Census Bureau
2022 '23 '24 '25 0 1 2 3 4 5 6 7 8 9 10 11 $12 billion
Last April, Trump announced India would be hit by a 26% tariff as part of his “Liberation Day” levies on nearly every U.S. trading partner. Those levies were delayed to allow for negotiations, and Trump ultimately imposed a 25% reciprocal tariff on Indian goods at the start of August.
Trump subsequently doubled down, levying an additional 25% tariff over India’s purchases of Russian oil. That prompted outcry from Indian officials, since other alleged purchasers of Russian energy—including China—weren’t hit with a similar tariff.
Despite Trump’s tariffs, trade flows between the two nations didn’t collapse in late 2025. Between September and November of last year, U.S. imports from India grew slightly to $22.1 billion from just under $22 billion during the same period of 2024.
Some of India’s largest exporting industries, like pharmaceuticals and consumer electronics, are largely exempt from Trump’s reciprocal tariffs, and trade in some of those sectors surged in the second half of 2025. From September to November 2025, Indian exports of smartphones to the U.S. reached nearly $5 billion, a more than 300% increase from that period in 2024, due in part to Apple’s expanding production of iPhones in the country.
The pact between the U.S. and India comes just days after New Delhi announced a broad trade deal with the European Union. The deal was the latest among U.S. allies seeking to diversify their economies away from an overreliance on the American market. European Commission President Ursula von der Leyen called it the “mother of all deals.”
Trump’s Tariffs
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