Both governments have hailed the announcement that was made after a phone call between Mr Modi and Mr Trump. Mr Trump is perhaps America’s most unpredictable leader in modern history: India knows it needs to weigh his words, whether on India-Pakistan tensions or a trade deal. In fact, there are numerous prickly issues that the trade deal would need to overcome. Mr Trump claimed that Mr Modi had committed to not buying any more Russian oil. Mr Trump also asserted that India would lower tariffs and other barriers to zero for American goods.

Source: The Telegraph February 04, 2026 02:56 UTC