Trump Strikes Trade Deal with India, Says Modi Has Agreed to Stop Buying Russian Oil.
by the National Pulse.com, February 2, 2026
President Donald J. Trump said on Monday that the United States has struck a new trade agreement with India, following a phone call with Indian Prime Minister Narendra Modi. In a posting on Truth Social, Trump said the pact calls for Washington to reduce its “Reciprocal Tariff” on Indian goods from 25 percent to 18 percent and that India “will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO.” Trump added that Modi agreed to significantly increase purchases of U.S. products, including more than “$500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products.” He described the relationship between the two leaders as strong, saying they “GET THINGS DONE.”
Trump also said Modi agreed to stop buying Russian oil. “We spoke about many things, including Trade, and ending the War with Russia and Ukraine,” he wrote. “He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week!”
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The announcement comes after more than a year of strained trade relations between Washington and New Delhi. In August 2025, the Trump administration imposed a 25 percent tariff on Indian exports and signaled plans to double it to 50 percent, linking the levies to India’s continued purchase of Russian oil and citing concerns about the war in Ukraine and trade imbalances. Industry groups warned that steep U.S. tariffs were weighing on Indian exporters in key sectors such as textiles and leather and could slow India’s manufacturing growth, with credit ratings agencies flagging the potential economic impact.
In early 2026, Trump backed legislation that would allow punitive tariffs of up to 500 percent on countries continuing to import Russian oil, with India among the nations specifically mentioned by lawmakers as potentially subject to such duties.
India’s trade landscape has already shifted in response to U.S. pressure, with New Delhi scaling back Russian oil imports and exploring alternative suppliers.
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