Trump says US, India agree to deal Modi pledges stop Russian
Trump tariffs live updates: Trump says US, India agree to deal as Modi pledges to stop buying Russian oil
President Trump on Monday said the US and India had agreed to a trade deal after he spoke with Indian Prime Minister Narendra Modi.
Trump said the baseline US tariff rate on goods from India would drop to 18% from 25%. The US president also claimed that Modi had "agreed to stop buying Russian Oil," which would further lower the US's tariff rate on India. The White House confirmed that an additional 25% "secondary" tariff on India over its purchases of Russian oil would also be dropped.
"Our amazing relationship with India will be even stronger going forward," Trump wrote on Truth Social.
The apparent US deal with India comes as US trade partners are clinching long-negotiated deals in a rebuke to the Trump tariff regime. India and the EU announced a trade deal last week that the EU dubbed the "mother of all deals" after years of talks.
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