According to US President Trump, the USA and India have agreed on tariff reductions. In addition, India will now not purchase oil from Russia and spend money on the USA. Indian Prime Minister Modi solely confirmed the customs deal.
US President Donald Trump has introduced a commerce settlement with India: The nation desires to forego oil imports from Russia sooner or later, Trump wrote on Truth Social on Monday. In return, the USA diminished its so-called reciprocal tariffs towards India from 25 to 18 %. This is how Trump describes tariffs which are supposed to compensate for alleged imbalances and downsides for the USA in worldwide commerce.
Indian Prime Minister Narendra Modi confirmed the US tariff discount, however didn’t touch upon Indian oil imports from Russia or different statements by the US President. “I am pleased that products ‘Made in India’ will now be subject to a reduced tariff of 18 percent,” Modi wrote on X. He thanked Trump “on behalf of the 1.4 billion people of India for this wonderful announcement.”
Oil from the USA – and from Venezuela?
Trump, nevertheless, emphasised that Modi had promised him in a telephone name to purchase “a lot more” oil “from the USA and presumably from Venezuela. That would assist finish the Ukraine struggle, the US President wrote.
Modi additionally promised to scale back India’s import tariffs on US merchandise to zero and develop investments within the United States, Trump mentioned. The US President spoke of “over 500 billion dollars” (round 422 billion euros) that ought to stream into US power in addition to expertise, agriculture and coal. Modi didn’t touch upon this in his X submit both.
Trump’s management is essential for world peace, stability and prosperity, Modi wrote as a substitute. “India fully supports its efforts for peace.”
Recent settlement between India and the EU
The US President had already introduced in October that Modi had assured him that his nation would now not purchase oil from Russia. At the time, India expressed its willingness to extend power imports from the USA, however left it open whether or not it could cease its controversial oil imports from Russia.
Trump had beforehand criticized the federal government in New Delhi a number of occasions over its oil offers with Moscow. In April 2025, he imposed an import responsibility of 25 % on merchandise from India. Because of India’s continued oil imports from Russia, the US President even doubled the speed to 50 % for many Indian merchandise in August.
Trump’s announcement got here a number of days after India and the EU introduced that that they had accomplished their negotiations on a free commerce settlement.
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