economy
February 2, 2026
Trump says U.S. and India reached trade deal, will lower tariffs immediately
The U.S. and India have reached a trade deal to lower tariffs, President Donald Trump announced.
TL;DR
- U.S. and India have reached a trade deal, immediately lowering tariffs.
- India agreed to buy more American products, including energy, technology, and agricultural goods.
- India committed to stop buying Russian oil and increase purchases from the U.S. and potentially Venezuela.
- The U.S. reciprocal tariff on India will be reduced from 25% to 18%.
- India will reduce its tariffs and non-tariff barriers against the U.S. to zero.
- Legal experts question the binding nature of such agreements without congressional approval.
- Trade talks had previously stalled over issues like India's reliance on Russian oil.
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