Editorial photo #13270436 Economy, Business and Finance

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

A roadside vendor sells dry fruits along a road 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: #13270436
Date taken: 3 February 2026
Location: —
Photographer: Firdous Nazir/NurPhoto
Category: Economy, Business and Finance

Related keywords

roadside vendor dry fruits Srinagar Jammu and Kashmir February 2026 United States President Donald Trump US tariffs Indian goods trade barriers Russian oil US oil Venezuela Firdous Nazir NurPhoto economic agreement tariff reduction international trade oil purchases India-US relations trade negotiations import duties export bilateral agreement economic policy energy trade geopolitical strategy trade deal international relations oil imports economic impact trade policy.