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    Home - Business & Economy - Trump lowers tariffs as India pledges to cease shopping for Russian oil
    Business & Economy

    Trump lowers tariffs as India pledges to cease shopping for Russian oil

    Naveed AhmadBy Naveed AhmadFebruary 2, 2026No Comments1 Min Read
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    Trump lowers tariffs as India pledges to cease shopping for Russian oil
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    US President Donald Trump and Indian Prime Minister Narendra Modi shake arms as they attend a joint press convention on the White Home in Washington, DC, US, February 13, 2025. — Reuters

    WASHINGTON: US President Donald Trump on Monday mentioned he had agreed on a commerce take care of India, and that India additionally agreed to cease shopping for Russian oil and purchase extra from america and probably Venezuela.

    “Out of friendship and respect for Prime Minister Modi and, as per his request, efficient instantly, we agreed to a Commerce Deal between america and India, whereby america will cost a diminished Reciprocal Tariff, decreasing it from 25% to 18%,” Trump mentioned in a social media submit following a name with Indian Prime Minister Narendra Modi.

    Modi additionally dedicated to purchase greater than $500 billion {dollars} value of US vitality, expertise, agricultural and different merchandise, Trump added.


    This can be a creating story and is being up to date with extra particulars. 





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