U.S.-India Deal Lowers Tariffs, India Pauses Russian Oil
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Washington, President Donald Trump announced on Monday a trade-energy agreement with India that reduces U.S. reciprocal tariffs on Indian goods to 18% and removes a 25% punitive duty tied to Russian oil purchases. Prime Minister Narendra Modi said he would halt purchases of Russian crude and increase energy imports from the United States and potentially Venezuela. The White House and Reuters confirmed the tariff rollback and described commitments for India to buy $500 billion in U.S. goods and lower trade barriers. Experts and officials commented on economic and strategic implications. Based on 7 articles reviewed, supporting research and analysis today.
Prepared by Lauren Mitchell and reviewed by editorial team.
Timeline of Events
- Prior to 2026: U.S.-India trade tensions escalated with reciprocal and punitive tariffs tied to energy imports.
- Months before Feb 2026: U.S. increased pressure for India to reduce Russian crude purchases amid the Ukraine war.
- Feb 2, 2026: Presidents Trump and Modi spoke; Trump announced tariff reduction to 18% and removal of the 25% punitive duty.
- Feb 2–3, 2026: White House, Reuters and multiple outlets reported details; Modi publicly acknowledged the tariff reduction on X.
- Feb 3, 2026: Experts and agencies commented that the deal could pave way for broader negotiations and strategic cooperation.
- Articles Published:
- 7
- Right Leaning:
- 1
- Left Leaning:
- 0
- Neutral:
- 6
- Distribution:
- Left 0%, Center 86%, Right 14%
U.S. exporters in energy, agriculture, technology and related sectors benefited from expanded market access and tariff reductions, while U.S. strategic positioning vis-à-vis Russia gained reinforcement through India's commitment to reduce Russian crude purchases.
Indian importers and consumers may face transitional supply and pricing adjustments as energy sourcing shifts; Indian exporters face uncertainty from rapid tariff reversals and potential reciprocal policy changes.
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Center
U.S.-India Deal Lowers Tariffs, India Pauses Russian Oil
CNA Social News XYZ 2 News Nevada LatestLY Gulf Daily News Online psuconnect.inFrom Right
Experts welcome India-US trade deal, say it restores momentum and deepens strategic partnership
Asian News International (ANI)
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