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

People sell warm clothes along a street in Srinagar, Jammu and Kashmir, on February 03, 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	#13270435
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

warm clothes street vendors 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 Venezuelan oil trade agreement international trade economic policy import tariffs export tariffs oil purchases energy trade bilateral relations India-US relations trade negotiations economic diplomacy tariff reduction trade barriers reduction oil imports oil exports geopolitical strategy Firdous Nazir NurPhoto.

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