Trump Announces India–US Trade Deal, Cuts Tariffs to 18% and Links Agreement to Ending Russian Oil Purchases
U.S. President Donald Trump announced on Monday that the United States and India had finalised a trade deal that lowers U.S. reciprocal tariffs on Indian goods to 18%, linking the agreement to India’s future energy purchases and its role in global efforts to end the war in Ukraine, following a telephone conversation with Indian Prime Minister Narendra Modi . POTUS Trump with PM Modi, file photo; Via US Ambassador to India Announcing the agreement on his social media platform Truth Social, Trump said it was “an Honor to speak with Prime Minister Modi, of India, this morning,” describing Modi as “one of my greatest friends and, a Powerful and Respected Leader of his Country.” Trump said the two leaders discussed trade and “ending the War with Russia and Ukraine,” adding that Modi had “agreed to stop buying Russian Oil , and to buy much more from the United States and, potentially, Venezuela.” Trump said this shift “will help END THE WAR in Ukraine, which is taking place right now, ...