🏛️🤝 US and India unveil interim trade framework and lift tariffs

Oneliner

The US and India have announced an interim trade framework that lowers tariffs and reshapes energy ties. President Trump lifted a 25% tariff on Indian goods, reducing it to 18% in exchange for India's commitment to cease Russian oil imports. India will purchase $500 billion in US goods over five years, including energy products and technology. The framework aims to deepen economic cooperation and is a step toward a broader bilateral trade agreement expected to be finalized in March.

Key points

• The US has lifted a 25% tariff on Indian goods, reducing it to 18% in exchange for India ceasing Russian oil imports.
• India commits to purchasing $500 billion in US goods over five years, including energy products and technology.
• The interim trade framework aims to reshape energy ties and deepen economic cooperation between the two nations.
• Negotiations for a broader bilateral trade agreement are set to continue, with a formal agreement expected in March.

Links

• Reuters: US and India unveil interim trade framework, move closer to broad pact
• T-Online: Öl aus Russland: Trump streicht Strafzölle gegen Indien
• Handelsblatt: Handelspolitik: Öl aus Russland: Trump streicht Strafzölle gegen Indien
• Die Welt: Öl aus Russland: Trump streicht Strafzölle gegen Indien
• Le Figaro: Trump lève les droits de douane sur les produits indiens en échange d’un renoncement au pétrole russe
• Reuters: Highlights of U.S.-India interim trade framework
• Tagesschau (ARD): Handelsabkommen: USA streichen Strafzölle gegen Indien
• Les Echos: Donald Trump lève les droits de douane frappant l'Inde après un accord sur le pétrole russe

Facts

• The 25% tariff on Indian goods was reduced to 18% as of February 7, 2026.
• India has committed to purchasing $500 billion in U.S. goods over the next five years.
• The interim trade framework was announced on February 6, 2026.
• India will eliminate or reduce tariffs on a range of U.S. industrial and agricultural products.

Quotes

• India has committed to stop importing, directly or indirectly, oil from Russia — Donald Trump
• The agreement safeguards farmers' interests and rural livelihoods — Piyush Goyal

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