General · 3 February 2026
Trump slashes India tariffs to 18 percent as Modi halts Russian oil
President Donald Trump announced a massive tariff reduction on Indian goods, slashing rates from 50 percent to 18 percent following a strategic call with Prime Minister Narendra Modi. In exchange, India agreed to immediately halt purchases of 1.5 million barrels of Russian oil daily and committed to buying over $500 billion in American products. Trump claimed this move helps end the Ukraine war, while Modi celebrated the deal to eliminate trade barriers and boost energy cooperation.
Reported by BBC · How we write briefs