{"id":446297,"date":"2026-02-03T09:39:10","date_gmt":"2026-02-03T09:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/446297\/"},"modified":"2026-02-03T09:39:10","modified_gmt":"2026-02-03T09:39:10","slug":"us-tariffs-on-india-latest-news-us-cuts-down-india-tariffs-to-18-from-50-envoy-sergio-gor-says-business-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/446297\/","title":{"rendered":"US Tariffs On India Latest News: US Cuts Down India Tariffs To 18% From 50%, Envoy Sergio Gor Says | Business News"},"content":{"rendered":"

Last Updated:February 03, 2026, 08:41 IST<\/p>\n

The US and India finalized a landmark trade deal, reducing tariffs on Indian imports from 50 percent to 18 percent, credited to Donald Trump and PM Modi’s strong relationship.\"font\"\"new\"new<\/a>\"Trump<\/p>\n

Trump and Modi (Image: Reuters\/File)<\/p>\n

US Tariffs On India: The United States and India have reached a landmark trade deal after months of negotiations, with the Donald Trump administration cutting down t<\/a>ariffs on Indian imports from 50% to 18%, envoy Sergio Gor has confirmed.<\/p>\n

Also See: India US Trade Deal Latest News<\/a> | Stock Market Live Updates<\/a>\u00a0<\/p>\n

\u201cAll the credit goes to President Trump and PM Modi. The two leaders have a great personal relationship, which has carried the deal forward. The number that will be finalised will be 18%,” Gor told CNN-NEWS18\u2019s Zakka Jacob.<\/p>\n

India had been facing 50% US tariffs, including 25% penalty for the purchase of Russian oil.<\/p>\n

Calling the announcement \u201cincredible news”, Gor said this is a \u201cnew era” and asserted that the US is open to business.<\/p>\n

\u201cAs you saw the President\u2019s Truth Social post, part of agreement is all nations around the world stop buying oil from Russia in order to bring peace to the situation. I know that the Prime Minister deeply cares about bringing peace in the conflict as does President Trump so the number that will be finalised is 18%,” he said.<\/p>\n

Gor highlighted that the \u201climitless” potential between India and the US and said, \u201cWe have incredible deals ahead\u2026 and the best is yet to come.”<\/p>\n

Also See: What Is India US Trade Deal\u00a0<\/a><\/p>\n

Trump-Modi Phone Call<\/p>\n

Trump spoke with Prime Minister Narendra Modi earlier today and later announced that the trade deal with India would cut tariffs to 25%. He claimed that PM Modi has agreed to stop buying Russian oil and buy much more from the US and Venezuela.<\/p>\n

\u201c\u2026 Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their tariffs and non-tariff barriers against the United States, to zero. The Prime Minister also committed to \u201cBuy American,” at a much higher level, in addition to over $500 Billion Dollars of US Energy, Technology, Agricultural, Coal, and many other products,” Trump wrote on Truth Social.<\/p>\n

Reacting to Trump\u2019s announcement, the Prime Minister Narendra Modi<\/a> thanked the US President Donald Trump<\/a> and said his leadership is vital for global peace, stability, and prosperity.<\/p>\n

\u201cWonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement. When two large economies and the world\u2019s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump\u2019s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights,” he wrote on X.<\/p>\n

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First Published:<\/p>\n

February 03, 2026, 08:41 IST<\/p>\n

News<\/a> business<\/a> US Brings Down India Tariffs To 18% From 50%, Envoy Sergio Gor SaysDisclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/p>\n

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