Trump tariffs
Much-awaited agreement follows months of talks, India’s pacts with UK, EU, others
Indian Prime Minister Narendra Modi and U.S. President Donald Trump finally reached a trade deal, though some experts remain cautious as no joint statement has been issued to clarify what they have agreed upon. (Nikkei montage/Source photos by Reuters)
KIRAN SHARMA
February 3, 2026 17:19 JST
NEW DELHI — India, after having been branded as a “tariff king” and slapped with steep 50% duties on its goods by U.S. President Donald Trump, finally has a trade deal with Washington, which has cut the levies on the shipments from the South Asian nation to 18% “effective immediately.”