WASHINGTON, United States, Feb 3, 2026 (BSS/AFP) - US President Donald Trump announced a trade deal Monday to reduce tariffs on India, saying that Prime Minister Narendra Modi had promised to stop buying Russian oil over the war in Ukraine. "Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India," Trump said in a post on Truth Social. A White House official told AFP that an additional 25 percent tariff Trump had slapped on India in August for its purchase of Russian oil would also be dropped. Trump added that Modi "agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. "Even though it has and will change its oil import structure away from Russia, India would still want to keep relations steady," Aamer added.

Source: Bangladesh Sangbad Sangstha February 03, 2026 03:12 UTC