Modi Praises Trump as US Slashes Tariffs on Indian Goods to 18%
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News18•02-02-2026, 23:47
Modi Praises Trump as US Slashes Tariffs on Indian Goods to 18%
- •US President Donald Trump announced a reduction in tariffs on Indian export products from 50% to 18%.
- •Prime Minister Narendra Modi thanked Trump, calling him a "dear friend" and praising his leadership for global peace and stability.
- •Modi highlighted that cooperation between the world's largest democracies benefits people and creates opportunities.
- •Trump claimed India agreed to reduce its tariffs and non-tariff barriers on US products to zero and increase purchases of American goods and services.
- •Trump also stated that India would stop buying Russian oil and increase oil purchases from the US and potentially Venezuela.
Why It Matters: US slashes tariffs on Indian goods to 18%, fostering stronger trade ties and global cooperation.
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