However, U.S. President Donald Trump took to social media saying that Prime Minister Narendra Modi had agreed to stop importing Russian oil. Also Read | U.S. trade deal compromises India’s energy and data security, farmers’ future: Rahul GandhiWhat is the confusion over oil imports? However, just days after India and the U.S. announced their deal, the U.S. and Bangladesh also announced a trade deal. Now, however, Mr. Goyal has said that Indian textile exporters will receive the same benefits as Bangladeshi textile exporters. Mr. Goyal and other officials of the Commerce Ministry have said that the formal agreement is expected to be signed in mid-March.

Source: The Hindu February 14, 2026 20:45 UTC