Trump says U.S. and India reached trade deal, will lower tariffs immediately
CNBC·2026-02-02 17:13

The U.S. and India have reached a trade deal and will immediately move to lower tariffs on each other's goods, President Donald Trump announced Monday. Prime Minister Narendra Modi also agreed to buy American products "at a much higher level" as part of the agreement, Trump said in a Truth Social post following a call with the Indian leader.Modi also committed to "stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela," Trump said in the post.Read Trump's full annou ...