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India-US Trade Deal: Big Trade Deal Between India And America, Trump Gave A Big Statement On Russian Oil

R
Rohan Gupta
Contributor
February 2, 2026

Big trade deal between India and America

Digital Desk, New Delhi. After talks between US President Donald Trump and Prime Minister Narendra Modi, India and America have finalized a major trade agreement. Trump on Monday announced that he has reduced the tariff imposed on India from 25% to 18% with immediate effect.

Announcing this historic deal on 'Truth Social', Trump said that India will now stop importing Russian crude oil and move towards America and Venezuela, which will prove to be a major change in global politics and energy markets.

Actually, US President Donald Trump spoke to Indian Prime Minister Narendra Modi on phone. This conversation is considered to be a part of the ongoing high-level contacts between India and America. This information was given by Sergio Gore, US Ambassador to India and Special Envoy for South and Central Asia.

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