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Trump admin confirms trade deal with India, cutting tariffs to 18 percent

February 9, 2026 — U.S. President Donald Trump issued an executive order following through on a trade deal with India he announced in early February, reducing U.S. tariffs on the country to 18 percent.

Trump first announced the new trade deal with India on 2 February, which he said came after a discussion with India Prime Minister Narendra Modi. Just four days later on 6 February, he formalized the deal with an executive order, cutting reciprocal tariffs on the country to 18 percent from the previous 25 percent and eliminating a separate 25 percent ad valorem tariff implemented in August 2025 against India over its purchases of Russian oil.

Read the full article at SeafoodSource

Trump announces trade deal with India that drops reciprocal tariff to 18 percent

February 2, 2026 — U.S. President Donald Trump announced a new trade deal with India that will see the U.S. lower reciprocal tariffs on goods from the country from 25 percent to 18 percent and potentially remove a separate 25 percent tariff related to India’s imports of Russian oil.

In a post on his social media site Truth Social, Trump said he spoke with India Prime Minister Narendra Modi on 2 February and struck a deal which will see India purchase USD 500 billion (EUR 424 billion) in U.S. energy, technology, agriculture, coal, and other products. In return, Trump said the reciprocal tariff lodged against India – which was set at 25 percent as of 1 August – will be reduced to 18 percent.

Read the full article at SeafoodSource