Trump to slash US tariffs on India from 50 percent to 18 percent

by | Feb 2, 2026 | World

Trump had slapped India with a punitive 25 percent tariff for buying Russian oil on top of a 25 percent ‘reciprocal’ tariff.United States President Donald Trump has agreed to slash US tariffs on Indian goods to 18 percent from 50 percent in exchange for India lowering trade barriers as well as stopping its purchases of Russian oil and buying oil instead from the US and potentially Venezuela.“Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we 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%,” Trump said in a social media post following a call with Indian Prime Minister Narendra Modi.Recommended Stories list of 4 itemsend of listA White House official told the Reuters news agency that the US was rescinding a punitive, 25 percent duty on all imports from India over its purchases of Russian oil that had stacked on top of a 25 percent “reciprocal” tariff rate.Modi also committed to buying more than $500bn worth of US energy, technology, agricultural and other products, Trump added.“Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%,” Modi said in a social media post on X. “Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement.”“The deal has definitely been some time in coming,” said Rachel Ziemba, adj …

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