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

A shopkeeper sells dry fruits at a market 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	#13270437
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

shopkeeper dry fruits market Srinagar Jammu and Kashmir February 03 2026 United States President Donald Trump US tariffs Indian goods 18 percent 50 percent trade barriers Russian oil US oil Venezuela Firdous Nazir NurPhoto purchase agreement trade exchange international trade oil imports tariff reduction economic policy bilateral relations trade negotiations import duties global trade trade policy economic agreement.

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