Original article by Meghna Bali
abc.net.au – Page: Online : 3-Feb-26

US President Donald Trump has used a social media post to announce that the US and India have struck a new trade deal. It will see the tariff on Indian goods imported into the US reduced from 25 per cent to 18 per cent immediately, while Trump says India has agreed to stop buying Russian oil and instead boost energy imports from the United States. Indian Prime Minister Narendra Modi posted on X that he was "delighted" with the tariff reduction, while he thanked Trump "on behalf of the 1.4 billion people of India for this wonderful announcement", while Trump also said that Modi had committed to buying more than $US500 billion ($718b) worth of American energy, technology, agricultural and other products.

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UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT