US President Donald Trump on Monday announced a trade deal with India, agreeing to lower his government's reciprocal tariff from 25 per cent to 18 per cent, and claimed major concessions from New Delhi. Nearly an hour later, Modi confirmed only that the US had agreed to an 18 per cent reduced tariff on “Made in India products". However, the President made no mention of the additional 25 per cent tariff the US had imposed on India last August 27 for Russian oil purchases. “It seems that Prime Minister Modi and President Trump spoke to each other today. “This now seems to be the routine — India gets to know of its government’s actions only from President Trump or his appointees.

Source: The Telegraph February 03, 2026 01:17 UTC