New Delhi: US President Donald Trump on Monday announced a trade deal between India and the United States after a phone call with Prime Minister Narendra Modi. Under the agreement, the US will lower tariffs on India from 25 per cent to 18 per cent. Reacting to this development, PM Modi took to Twitter and thanked President Donald Trump for reducing tariff. “Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement,” PM Modi said. “When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights,” he added.
In a post on Truth Social, Trump said that India had “agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela”, adding that this would “help end the war in Ukraine.” He said that India would also move to reduce tariffs and non tariff barriers against the US to zero. “Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO,” the US President said.Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement.
When two large economies and the… — Narendra Modi (@narendramodi) February 2, 2026
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