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  • India-US trade deal: 25% penal tariffs linked to Russian oil gone? Here’s what we know
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India-US trade deal: 25% penal tariffs linked to Russian oil gone? Here’s what we know

Sumitra February 3, 2026
Donald Trump has claimed that the trade deal has been agreed after India has agreed to reduce tariffs on US goods to zero, committed to stop buying Russian crude and step up oil purchases from America, and potentially Venezuela.

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