United States President Donald Trump announces major trade deal with India to reduce tariffs and halt Russian oil imports

U.S. President Donald Trump has announced a trade deal reducing tariffs on Indian goods. Analysts expect this move to trigger significant market gains in India.

Insights:
U.S. President Donald Trump donald trumphas announced a landmark trade deal between the United States USUSand India ININthat aims to slash U.S. tariffs on Indian products from 50% to 18%. In exchange for these reductions, Indiahas agreed to halt its purchases of oil from Russia RURUand lower existing trade barriers. This announcement marks a significant shift in the economic relationship between the two nations, although the deal has not yet been formally implemented or ratified.
People talk inside the National Stock Exchange (NSE) in Mumbai, India, August 14, 2025. REUTERS/Francis Mascarenhas
People talk inside the National Stock Exchange (NSE) in Mumbai, India, August 14, 2025. REUTERS/Francis Mascarenhas
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