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By Rodrigo Santos Andrade
Trump Announces US-India Trade Deal: Tariffs Cut to 18%, Claims ‘India To Reduce Buying Russian Oil’
visibility comment0 event February 2, 2026 timer 16:31
This special report covers a significant breakthrough in India-United States trade relations following a telephonic conversation between Prime Minister Narendra Modi and President Donald Trump. US Ambassador to India Sergio Gor confirmed a landmark agreement to reduce reciprocal tariffs on ‘Made in India’ products from 25 percent to 18 percent. The deal involves a strategic shift in energy procurement, with President Trump indicating that India will decrease Russian oil imports in favor of American energy, potentially totaling over $500 billion. The discussion features insights from correspondents Rohit Sharma and Gaurav Sawant regarding the economic implications of these punitive tariff reductions and the influence of India’s recent Free Trade Agreement with the European Union. Ambassador Gor affirmed that the Quad framework remains a top priority for the current administration and noted that President Trump has invited Prime Minister Modi to Washington D.C. The program analyzes the reset in bilateral ties and the potential for increased cooperation in defense and technology between the two nations.
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