Trump announces that India’s tariffs will be "cut from 25% to 18%"! India agrees to stop purchasing Russian oil and to buy $500 billion worth of goods from the United States

President Trump posted on Truth Social that he has reached multiple trade and energy agreements with Indian Prime Minister Modi, including lowering tariffs, expanding “Buy American” initiatives, and stopping purchases of Russian oil. He stated that these arrangements will help push the Russia-Ukraine war toward an end.
(Background summary: Trump suddenly punishes South Korea by raising tariffs back to 25% for unfulfilled investment commitments, prompting South Korean officials to fly to the U.S. for damage control)
(Additional background: Trump no longer imposes tariffs on 8 NATO countries: Greenland agreement reached, Bitcoin back to $90,000, U.S. stock market’s four major indices all rise)

President Trump announced in his latest post on Truth Social that he has had an important meeting with Indian Prime Minister Modi, during which both sides reached a series of trade and energy agreements and expressed a shared stance on the Russia-Ukraine war. Trump emphasized that this will help promote peace and strengthen US-India relations.

Key Points of the Meeting with Prime Minister Modi

Trump stated that he spoke with Modi this morning, discussing multiple issues including trade, energy, and a resolution to the Russia-Ukraine war. He called Modi one of his best friends and described him as a “strong and respected leader.”

During the meeting, Modi agreed to stop purchasing Russian oil and will increase oil imports from the United States, possibly including supplies from Venezuela. Trump pointed out that this move will help end the Ukraine war and reduce ongoing casualties caused by the conflict.

Details of the US-India Trade Agreement

Trump announced in his post that the US and India immediately reached a trade agreement. Under the deal, the reciprocal tariffs imposed by the US on India will be reduced from 25% to 18%, and India also committed to lowering tariffs and non-tariff barriers on US goods to zero. Additionally, Prime Minister Modi pledged to significantly increase the “Buy American” proportion and to purchase over $500 billion worth of US energy, technology, agricultural products, coal, and other goods.

Trump stated that this agreement will further solidify the excellent US-India relationship and emphasized that both sides are leaders capable of “getting things done.”

Below is the original post from Trump:

This morning, I had the honor of speaking with Indian Prime Minister Modi. He is one of my best friends and a strong and respected leader of his country. We discussed many issues, including trade and ending the Russia-Ukraine war. He agreed to stop buying Russian oil and to purchase more from the United States, possibly including oil from Venezuela. This will help end the ongoing Ukraine war, where thousands are dying every week.

Out of friendship and respect for Prime Minister Modi, and at his request, we immediately reached a US-India trade agreement: the reciprocal tariffs imposed by the US on India will be reduced from 25% to 18%, and India will further reduce tariffs and non-tariff barriers on US goods to zero. The Prime Minister also promised to greatly increase the “Buy American” proportion and to purchase over $500 billion worth of US energy, technology, agricultural products, coal, and other items. Our excellent relationship with India will become even stronger.

Both Prime Minister Modi and I are capable of “getting things done,” which not many can do. Thank you all for your attention to this matter!