US will reduce tariffs and Modi will not buy Russian oil

February 2, 2026 Remington Norris News 0


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Donald Trump announced a new trade agreement between the United States and India that reduces tariffs from 25% to 18%.

Indian Prime Minister Narendra Modi has pledged to stop buying Russian oil as part of the deal.

India will increase oil purchases from the United States and, potentially, from Venezuela as well.

US President Donald Trump announced this Monday a trade agreement with India through which Washington will apply a reduced reciprocal tariff, from 25% to 18%.

The Republican also assured that the Prime Minister of India, Narendra Modi, promised to stop buying Russian oil, which in his opinion will help end the war in Ukraine.

Instead, India will buy more oil from the US and, potentially, from Venezuela, he explained in a publication on his Truth Social network.

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