Trump claims Trade Deal with India as Modi govt says no to Russian oil

U.S. President Donald Trump Monday February 02, 2026 claimed finalizing a ‘trade deal’ with India after the Narendra Modi government agreed to stop buying Russian oil, and cut tariffs on American goods to zero

Tuesday February 3, 2026 12:08 PM, ummid.com News Network

Washington/New Delhi: U.S. President Donald Trump Monday February 02, 2026 claimed finalizing a ‘trade deal’ with India after the Narendra Modi government agreed to stop buying Russian oil, and cut tariffs on American goods to zero.

In a media post on his Truth Social, Trump wrote “on the request of Prime Minister Modi the two countries agreed to a trade deal effective immediately.”

Giving more details about the deal, Trump said the Narendra Modi government agreed to stop buying the Russian oil, and also to cut tariffs on the American goods to zero.

In return, Trump wrote, he has reduced tariffs on “Made in India” goods from 25% to 18%.

“… We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian oil, and to buy much more from the United States and, potentially, Venezuela”, Trump wrote.

“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%”, he added.

“They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO”, Trump wrote in the Truth Social post which has also been shared by the White House.

“The Prime Minister also committed to "BUY AMERICAN," at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products”, he added.