
US-India trade deal trims tariffs as Russia oil ties are cut
The US and India announced a trade pact reportedly brokered by President Trump in which India’s tariffs will drop to 18% from 25%, non-tariff barriers will be reduced toward zero, and a 25% tariff linked to Indian purchases of Russian oil will be removed; Modi praised the agreement, and a White House official confirmed the terms as India agrees to stop buying Russian oil and to buy more US goods.













