US to cut tariffs on India to 18%, India agrees to end Russian oil purchases
kathmandupost.com · Tue Feb 03 02:13:59 GMT 2026
Trump’s announcement added to positive sentiment over semiconductor makers and artificial intelligence, lifting major indexes into positive territory on the day.
US President Donald Trump on Monday announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
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