By Trendsetter Tribune 
President Trump announces a new U.S.–India trade deal cutting tariffs and securing India’s agreement to reduce Russian oil imports and increase purchases from the U.S. and possibly Venezuela.
President Donald Trump on Monday announced a new trade agreement with India’s Prime Minister Narendra Modi, saying New Delhi has agreed to halt purchases of Russian oil and shift toward buying more U.S. energy — and “potentially” Venezuelan oil — as part of broader economic cooperation.
In a social media post, Trump said the leaders discussed trade and efforts to help end the war in Ukraine. As part of the deal, the United States will reduce its reciprocal tariff on Indian goods from 25% to 18%, while India will progressively eliminate tariffs and non-tariff barriers on U.S. imports. Modi also committed to buying over $500 billion worth of American products in sectors including energy, technology, agriculture, and coal.
Modi confirmed the agreement on X, calling his conversation with Trump “wonderful” and expressing appreciation for the tariff reduction that he said will benefit Indian exporters.
Trump framed the energy cooperation as a strategic shift away from Russian oil, noting India’s commitment to buy more American energy and possibly Venezuelan crude to support a broader goal of weakening Russia’s war effort in Ukraine.
This announcement marks a notable shift in U.S.–India relations after a period of tariffs and tensions — including Trump’s previous move to increase U.S. tariffs on India to as high as 50% over Russian oil purchases — and reflects renewed diplomatic engagement between the two countries.