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  • 5 hours ago
Donald Trump has announced a trade deal with India, cutting tariffs on goods from 25% to 18%, adding that PM Narendra Modi has agreed to stop buying Russian oil.

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00:00U.S. President Donald Trump has announced a trade deal with India,
00:04cutting tariffs on Indian goods to 18%.
00:07In return, Trump says Prime Minister Narendra Modi agreed to stop buying Russian oil
00:12as Washington pushes for an end to the war in Ukraine.
00:16Trump had previously imposed a 25% reciprocal tariff on Indian goods,
00:22plus an additional 25% penalty over New Delhi's purchases of Russian fuel.
00:26Modi welcomed the lower levies but made no mention of halting Russian oil imports.
00:33Trump had also claimed in October that Modi would stop buying Russian oil,
00:37a deal that did not materialize at the time.
00:40India's continued buying of Russian crude has been a major point of tension for months,
00:45as Trump steps up pressure on partners to cut Moscow's revenue streams.
00:49In a visit to New Delhi in December, Russian President Vladimir Putin said
00:53Moscow was ready to maintain uninterrupted shipments of fuel to India.
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