Deal sealed as Trump cuts India tariffs to 18%
US President Donald Trump speaks during a briefing in the Brady Briefing Room of the White House in Washington, DC, on January 20, 2026. The White House said President Donald Trump will hold a press conference Tuesday exactly a year into his second term, amid acute international tension over his drive to take over Greenland.PHOTO: AFP
US President Donald Trump on Monday said he had agreed on a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India lowering trade barriers, stopping its purchases of Russian oil and buying oil instead from the US and potentially Venezuela.
"Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to
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