India-US trade deal announced by US President Donald Trump; tariff slashed to 18%, claims India will stop buying Russian oil

Feb 3, 2026 - 17:00
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India-US trade deal announced by US President Donald Trump; tariff slashed to 18%, claims India will stop buying Russian oil
The India-US trade deal comes days after India and the EU announced what both sides called the 'mother of all' trade deals. While European Union is India's largest trading partner as an economic bloc, US continues to be the single largest trading partner.

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