US agrees to drop tariffs after India stops Russian oil purchases
Donald Trump and Narendra Modi reached a trade deal, lowering tariffs on goods from India to 18% from 25%. The agreement also sees India commit to reducing trade barriers and stopping oil purchases from Russia. Modi expressed his delight at the deal and committed to buying over $500 billion worth of American goods. The move comes after a period of strained relations between the US and India, with Trump's tariffs on Indian goods causing significant economic impact.
4 FEB 2026
— The Hindu
The Samyukt Kisan Morcha accused the Indian government of misleading farmers by contradicting U.S. Secretary of Agriculture Brooke Rollins' statements regarding the Indo-U.S. trade deal.
— The Hindu
Congress members criticized Commerce Minister Piyush Goyal's statement on the India-U.S. trade agreement for lacking concrete details and raising concerns about potential negative impacts on Indian farmers.
5 FEB 2026
— The Hindu
India-U.S. trade deal: Likely to finalise and sign joint statement in ‘four to five days’, Piyush Goyal says
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