Editorial photo #13270438 Economy, Business and Finance

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

Garlands made of Indian rupee currency notes are displayed for sale at a shop 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: #13270438
Date taken: 3 February 2026
Location: —
Photographer: Firdous Nazir/NurPhoto
Category: Economy, Business and Finance

Related keywords

Garlands Indian rupee currency notes sale 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 Firdous Nazir NurPhoto trade agreement economic policy international trade oil imports tariff reduction currency display economic relations trade negotiations bilateral trade import tariffs oil purchases geopolitical strategy trade policy.