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The unexpected Trump-Modi deal: India will no longer buy Russian oil

2026-02-02 20:52:20Kosova&Bota SHKRUAR NGA REDAKSIA VOX
The unexpected Trump-Modi deal: India will no longer buy Russian oil
Trump and Modi

United States President Donald Trump announced that he has reached a trade agreement with Indian Prime Minister Narendra Modi, which provides for the reduction of tariffs on Indian products from 25% to 18%.

According to Trump, this agreement will facilitate trade exchanges between the two countries and strengthen economic relations.

In a post on his Truth Social network, Trump clarified that India will also remove other trade barriers and stop buying oil from Russia. In addition, an additional 25% tariff that was imposed as a penalty for New Delhi's refusal to stop imports of Russian oil will be removed immediately.

The announcement comes just days after another historic development on the international trade scene, when India and the European Union announced a deal that ended nearly two decades of negotiations. The agreement with the US is seen as another important step in consolidating India as a key player in the global economy.

Prime Minister Narendra Modi commented on the X network that he is "pleased" that this agreement has been reached with the United States, emphasizing its importance for trade and economic cooperation.

Analysts estimate that the agreement could also affect international energy relations and import-export policy, creating new opportunities for Indian and American businesses.

According to experts, reducing tariffs and removing trade barriers is expected to stimulate Indian exports to the US, while for American companies this could translate into easier access to a market with over 1.4 billion consumers.

The agreement also signals a strategic rapprochement between the two countries, at a time when global tensions over energy and the economy have increased.


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