🏛️🤝 Trump announces US-India trade deal with tariff cuts

Oneliner

U.S. President Donald Trump announced a trade agreement with India on February 2, 2026, reducing tariffs on Indian goods from 25% to 18% in exchange for India's commitment to stop buying oil from Russia. The deal aims to increase U.S. exports to India by over $500 billion. Following the announcement, Indian markets reacted positively, with significant gains in stock indices and the rupee. However, many details remain unclear, particularly regarding the specifics of the commitments made by both countries.

Key points

• US tariffs on Indian goods reduced from 25% to 18% as part of a new trade agreement.
• India commits to halt Russian oil purchases and increase imports of US goods worth over $500 billion.
• Market reactions show optimism, with Indian stocks rising significantly following the announcement.
• Details of the agreement remain unclear, raising questions about implementation and commitments.

Links

• Deutsche Welle: Trump anuncia un acuerdo comercial con India
• El País: Estados Unidos y la India alcanzan un acuerdo comercial para rebajar los aranceles
• Público: Trump anuncia que la India dejará de comprar petróleo de Rusia y le rebaja los aranceles
• Handelsblatt: Börse: Warum der Kursrutsch beim Gold auch für Aktien nichts Gutes verheißt
• Rzeczpospolita: Donald Trump ogłosił, że Indie przestaną kupować rosyjską ropę
• Reuters: India settles for least bad option on US trade
• El Mundo: Trump fuerza un acuerdo comercial con India tras meses de presión por el petróleo ruso
• teleborsa.ansa.it: Trump sigla accordo commerciale con l’India: dazi tagliati al 18%
• Tagesschau (ARD): Marktbericht: US-Deal mit Indien hebt die Stimmung
• Reuters: India-US trade deal slashes tariffs; seen lifting exports, market sentiment
• Le Monde: L’Inde et les Etats-Unis scellent un accord commercial après des mois de tensions
• Reuters: Trump's tariff cut spells relief in India despite scant details
• Tagesschau (ARD): Handelsabkommen zwischen USA und Indien - Partner statt Eiszeit
• Reuters: Russia-India oil ties as US trade deal targets crude imports
• Der Tagesspiegel: „Wird helfen, den Ukraine-Krieg zu beenden“: Indien will Trump zufolge auf russisches Öl verzichten – Kreml weiß nichts davon
• BFMTV: Selon Trump, l'Inde s'est engagée à ne plus acheter une goutte de pétrole russe: Moscou dit ne pas être au courant du tout de cette décision
• Al Jazeera: Modi, Trump announce India-US 'trade deal': What we know and what we don't

Facts

• U.S. tariffs on Indian goods reduced from 25% to 18%.
• India committed to halt purchases of Russian oil.
• Trump announced the deal after a phone call with Modi on February 2, 2026.
• Indian markets saw a 5% rise in the Nifty 50 index following the announcement.
• The agreement includes a commitment from India to purchase over $500 billion in U.S. goods.

Quotes

• This will help to end the war in Ukraine — Donald Trump
• Our extraordinary relationship with India will be even stronger going forward — Donald Trump
• The trade deal removes a great deal of global uncertainty — Anuradha Thakur, India's economic affairs secretary

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