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A long list of questions remained unanswered on Tuesday on the India-US trade deal announced by President Donald Trump and confirmed by PM Narendra Modi, with both sides cagey about sharing details after.
Trump says the levy on Indian goods drops from a punitive 50 per cent to 18 per cent and an extra Russian oil penalty will be scrapped India confirms the new rate not the full package
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday said that the announcement of an agreement between India and the US is on the “reduction in tariffs” and that details of the trade deal between...
4 min readUpdated: Feb 3, 2026 02:30 PM IST According to the state government’s estimate last August, there are around 6.5 lakh aquafarmers in the state, and 30-40 lakh others work at...
US President Donald Trump announced a reduction in tariffs on Indian goods from 25% to 18% after discussions with Prime Minister Narendra Modi. This move includes India's commitment to purchasing more American goods and potentially reducing Russian oil imports.
Trump said that India has agreed to stop buying Russian oil and buy much more from the US and potentially Venezuela, and has agreed to purchase $500 billion worth of US energy, agriculture, coal and other products under the trade deal.
The 50 per cent US levy included a 25 per cent reciprocal tariff and an additional 25 per cent import duty imposed over India039s purchase of Russian crude oil With the new deal Washington has removed the extra penalty and lowered the overall rate
India’s strongest macroeconomic performance in decades has collided with a global system that no longer rewards macroeconomic success. (AI image)Economic Survey 2025-26: India stands tall in the global.
