In a move that is rattling global markets today, February 3, 2026, President Trump has officially announced a landmark trade agreement with India. Under the new deal, U.S. reciprocal tariffs on Indian goods will be slashed from 25% to 18%.
Key Highlights of the Deal:
Energy Shift: New Delhi has agreed to halt purchases of Russian oil as a core condition of the agreement.
Cheaper Tech & Dairy: Consumers can expect price drops on laptops and various dairy products imported from India.
Political Fallout: The deal has sparked an immediate showdown in the Indian Parliament, with opposition leaders like Rahul Gandhi criticizing the impact on local sectors.
This deal comes as a strategic response to the recent India-EU pact, signaling a major shift in the Trump administration's "America First" trade playbook.
