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US to cut tariffs on India to 18%, India agrees to end Russian oil purchases
Cyprus Mail
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03 February 2026, 08:55
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President Donald Trump announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers. Trump announced the deal on social media following a call with Indian Prime Minister Narendra Modi, noting that India would now buy oil […]