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India: Agreement with the USA to reduce tariffs

A trade agreement will reduce US tariffs on Indian goods from 50% to 18%. According to unconfirmed US reports, India also wants to stop buying oil from Russia.

Leonardo Pape
04. February 2026
India’s Minister of Commerce and Industry, Piyush Goyal, and Minister of State Jitin Prasada after the conclusion of the trade agreement between India and the USA. (IMAGO / Hindustan Times)

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Last updated: 04. February 2026

India USA Crude oil Trade