Debasis Mohapatra
Bengaluru, 2 Feb 2026
- India seals trade deal with the US.
- US to cut tariff on Indian goods from 25% to 18%.
- India will reduce tariff on the US goods to zero.
- US President, Donald Trump’s statement on social media:
“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%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO.”
- India will buy $500 billion worth energy, tech, & agricultural products from the US: Trump’s post said.
- Prime Minister, Narendra Modi on ‘X’:
“Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights.”
