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US, India agree on trade deal, lower tariffs, Trump says
Modi also committed to buy more than $500 billion dollars worth of U.S. energy, technology, agricultural and other products, Trump added.
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Reuters - Mon, 02, Feb 2026
- 12:25 EST
- 38
FILE PHOTO: U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025. / REUTERS/Kevin Lamarque/File Photo
U.S. President Donald Trump on Feb. 2 said he had agreed on a trade deal with India, and that India also agreed to stop buying Russian oil and buy more from the United States 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 percent to 18 percent,” Trump said in a social media post following a call with Indian Prime Minister Narendra Modi.
Modi also committed to buy more than $500 billion dollars worth of U.S. energy, technology, agricultural and other products, Trump added.
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