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Trump Cuts India Tariffs To 18% As Modi Agrees To Stop Buying Russian Oil

A woman walks past an embroidery cloth shop along a road in Srinagar, Jammu and Kashmir, on February 3, 2026. United States President Donald Trump agrees to reduce US tariffs on Indian goods to 18 percent from 50 percent in exchange for India lowering trade barriers, stopping its purchases of Russian oil, and buying oil instead from the US and potentially Venezuela. (Photo by Firdous Nazir/NurPhoto)

Photo Details

Photo ID	#13270434
Date Taken	3 February 2026
Location	N/A
Photographer	Firdous Nazir/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Firdous Nazir/NurPhoto

Related Keywords

embroidery cloth shop Srinagar Jammu and Kashmir February 2026 United States President Donald Trump US tariffs Indian goods 18 percent 50 percent trade barriers Russian oil US oil Venezuela oil Firdous Nazir NurPhoto road woman purchase exchange lowering agreement international trade economic policy import export tariff reduction geopolitical relations oil trade economic agreement trade policy global market

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