World & Region
US-India trade deal removes tariffs, pledges energy purchases
The News
US President Donald Trump announced a trade agreement with India that reduces tariffs to 18% from 25%, removes a 25% toll on Russian oil purchases, and commits to over US$500 billion in purchases of US energy, technology, agricultural, and other goods. Indian exporters welcomed the deal as relief from months of uncertainty, though analysts urged caution citing lack of clarity on implementation details.
4 February 2026 · New Era →