India-US Trade Deal, Tariffs Reduced
Analysis based on 7 articles · First reported Feb 02, 2026 · Last updated Feb 03, 2026
The trade agreement between India and the United States is expected to positively impact both economies by spurring growth, creating jobs, and promoting innovation. India's commitment to cease buying Russian oil and increase purchases of American goods, including energy and technology, will significantly benefit the United States while negatively affecting Russia.
India and the United States have reached a trade agreement where the United States will reduce reciprocal tariffs on Indian goods from 25% to 18%. In return, India has committed to reducing its tariffs and non-tariff barriers against the United States to zero and will significantly increase its purchases of American goods, including over $500 billion in energy, technology, agricultural, and coal products. A key part of the agreement also includes India's commitment to cease buying Russian oil, with a potential shift to purchasing more from the United States and Venezuela. This deal was announced by Donald Trump following a phone conversation with Narendra Modi and was welcomed by S. Jaishankar, who highlighted its potential to boost job creation, economic growth, and innovation, while strengthening India's 'Make in India' initiative.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard