U.S. President Donald Trump announced a new trade agreement with India after speaking with Prime Minister Narendra Modi, saying the United States will reduce its reciprocal tariff on Indian imports from 25 % to 18 % as part of the deal. Trump stated India agreed to halt purchases of Russian oil and instead boost imports of U.S. energy, technology, and other products, aiming for over $500 billion in future trade.
Trump framed the move as a way to strengthen bilateral economic ties and help “end the war in Ukraine,” although India has not independently confirmed stopping Russian oil imports. The deal also signals deeper cooperation on market access and tariff reductions, while the two leaders portray the agreement as a step toward improved strategic relations.
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