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Story summary
- On February 2, 2026, U.S. President Donald Trump announced a trade deal with Narendra Modi, Prime Minister of India, to cut tariffs from 25% to 18%.
- India will cease purchasing Russian oil and will boost imports from the United States and potentially Venezuela.
- India commits to invest over $500 billion in U.S. products, including energy and technology.
- The agreement aims to ease tensions over India's oil imports amid the Ukraine war.
