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

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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

Date: 3 February, 2026 4:00 am
Source: thestar.com.my

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