SITUATION REPORT

India, U.S.: New Delhi and Washington Reach Trade Deal

Feb 2, 2026 | 20:09 GMT

The United States and India have reached a trade deal that will immediately lower U.S. reciprocal tariffs on India from 25% to 18% and will remove an additional 25% tariff the United States imposed on New Delhi last year for its purchases of Russian oil, Reuters reported Feb. 2....

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