Prime Minister Narendra Modi confirmed the trade deal with the United States on Monday and appreciated President Donald Trump’s leadership, terming it “vital for global peace, stability, and prosperity”.&nbsp;“Wonderful 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,” PM Modi wrote on X.&nbsp;<h2>‘Two large economies and world’s largest democracies…’</h2>&nbsp;“When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” the PM added.“President Trump’s 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,” the Indian PM added further on his social media post.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-dials-indian-pm-modi-says-us-ambassador-sergio-gor-1770048397476">‘We agreed to trade deal’: Trump dials PM Modi, reduces tariffs on India from 25% to 18%</a>&nbsp;Trump had imposed a 25% tariff on Indian exports late last year as his deadline to sign a deal with countries had lapsed. Trump later doubled the tariffs on India to 50% as he accused Delhi of continuing to buy oil from Russia and thereby supporting Moscow in its war against Ukraine.&nbsp;<h2>Trade deal, tariff reduction huge fillip for India&nbsp;</h2>&nbsp;The trade deal with the United States is a huge fillip for India, and the reduction in tariffs from 50% to 18% puts it in an advantageous position in comparison to competing economies.&nbsp;&nbsp;India now has lower tariffs compared to several competing economies. After the announcement, US tariffs on India are 18%, while Indonesia faces 19%, Vietnam 20%, Bangladesh 20%, and China 34%.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/-rogue-drone-sightings-near-uk-military-bases-doubled-in-2025-troops-to-get-shooting-down-powers-1770050063503">‘Rogue drone’ sightings near UK military bases doubled in 2025, troops to get shooting down powers</a>&nbsp;The resilience of Indian negotiators finally ended on a happy note after months of trade tensions and inappropriate criticism from Trump’s trade adviser Peter Navarro several times.&nbsp;PM Modi and Trump had spoken on multiple instances in recent times, raising hopes of the trade deal being sealed eventually.&nbsp;&nbsp;<h2>‘Limitless potential,’ says US Ambassador Sergio Gor</h2>&nbsp;The deal comes just days after US Ambassador to India Sergio Gor took charge. Just a few minutes before Trump announced the deal, Gor wrote on his handle on X, “President Trump just spoke to PM Modi. STAY TUNED...”&nbsp;After the trade deal announcement, Gor hailed the development and said the relationship between the United States and India has “limitless potential”.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-s-president-masoud-pezeshkian-orders-start-of-nuclear-talks-with-us-report-1770037263043">Iran‘s President Masoud Pezeshkian orders start of nuclear talks with US: Report</a>&nbsp;In his following post on X, the US Ambassador wrote, “As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!”&nbsp;Gor also confirmed that the US tariffs had in fact come down from 50 per cent to 18 per cent.&nbsp;Also Read: <a href="https://www.wionews.com/world/epstein-files-stash-reveals-norway-diplomat-terje-r-d-larsen-s-derogatory-remark-on-indians-social-media-erupts-1770028653881">Epstein files stash reveals Norway diplomat Terje Rød-Larsen’s derogatory remark on ‘Indians’; social media erupts</a>&nbsp;When asked by CNN News 18 whether the additional 25 per cent tariffs on India have been removed, Gor said, “That is correct. As you saw in the Truth of the President wrote, part of the agreement is that all nations around the world stop buying oil from Russia in order to bring peace. I know the Prime Minister deeply cares about bringing peace in that conflict, as does President Trump. So the number as it gets finalised will be 18 per cent.”&nbsp;In his Truth Social post, Trump had only mentioned that reciprocal tariffs were being reduced from 25 per cent to 18 per cent with no clarification on the status of the additional 25 per cent tariffs imposed on India later for buying Russian oil. &nbsp;&nbsp;&nbsp;Commerce Minister Piyush Goyal and Minister of External Affairs Dr S Jaishankar also hailed the deal and retweeted PM Modi’s post on X.

The trade deal with the United States is a huge fillip for India, and the reduction in tariffs from 50% to 18% puts it in an advantageous position in comparison to competing economies. US tariffs on India now are 18%, while Indonesia faces 19%, Vietnam 20%, Bangladesh 20%, and China 34%.

Prime Minister Narendra Modi confirmed the trade deal with the United States on Monday and appreciated President Donald Trump’s leadership, terming it “vital for global peace, stability, and prosperity”. “Wonderful 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,” PM Modi wrote on X. ‘Two large economies and world’s largest democracies…’ “When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation,” the PM added. “President Trump’s 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,” the Indian PM added further on his social media post. Also Read: ‘We agreed to trade deal’: Trump dials PM Modi, reduces tariffs on India from 25% to 18% Trump had imposed a 25% tariff on Indian exports late last year as his deadline to sign a deal with countries had lapsed. Trump later doubled the tariffs on India to 50% as he accused Delhi of continuing to buy oil from Russia and thereby supporting Moscow in its war against Ukraine. Trade deal, tariff reduction huge fillip for India The trade deal with the United States is a huge fillip for India, and the reduction in tariffs from 50% to 18% puts it in an advantageous position in comparison to competing economies. India now has lower tariffs compared to several competing economies. After the announcement, US tariffs on India are 18%, while Indonesia faces 19%, Vietnam 20%, Bangladesh 20%, and China 34%. Also Read: ‘Rogue drone’ sightings near UK military bases doubled in 2025, troops to get shooting down powers The resilience of Indian negotiators finally ended on a happy note after months of trade tensions and inappropriate criticism from Trump’s trade adviser Peter Navarro several times. PM Modi and Trump had spoken on multiple instances in recent times, raising hopes of the trade deal being sealed eventually. ‘Limitless potential,’ says US Ambassador Sergio Gor The deal comes just days after US Ambassador to India Sergio Gor took charge. Just a few minutes before Trump announced the deal, Gor wrote on his handle on X, “President Trump just spoke to PM Modi. STAY TUNED...” After the trade deal announcement, Gor hailed the development and said the relationship between the United States and India has “limitless potential”. Also Read: Iran‘s President Masoud Pezeshkian orders start of nuclear talks with US: Report In his following post on X, the US Ambassador wrote, “As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!” Gor also confirmed that the US tariffs had in fact come down from 50 per cent to 18 per cent. Also Read: Epstein files stash reveals Norway diplomat Terje Rød-Larsen’s derogatory remark on ‘Indians’; social media erupts When asked by CNN News 18 whether the additional 25 per cent tariffs on India have been removed, Gor said, “That is correct. As you saw in the Truth of the President wrote, part of the agreement is that all nations around the world stop buying oil from Russia in order to bring peace. I know the Prime Minister deeply cares about bringing peace in that conflict, as does President Trump. So the number as it gets finalised will be 18 per cent.” In his Truth Social post, Trump had only mentioned that reciprocal tariffs were being reduced from 25 per cent to 18 per cent with no clarification on the status of the additional 25 per cent tariffs imposed on India later for buying Russian oil. Commerce Minister Piyush Goyal and Minister of External Affairs Dr S Jaishankar also hailed the deal and retweeted PM Modi’s post on X.

The trade deal with the United States is a huge fillip for India, and the reduction in tariffs from 50% to 18% puts it in an advantageous position in comparison to competing economies. US tariffs on India now are 18%, while Indonesia faces 19%, Vietnam 20%, Bangladesh 20%, and China 34%.

PM Modi thanks Trump, as US tariffs on Indian exports come down from 50% to 18%

US President Donald Trump dialled the Indian Prime Minister Narendra Modi, US Ambassador Sergio Gor said via post on X. The American President later shared a post on his social media platform Truth Social handle and said, “It was an honour to speak with Prime Minister Modi of India this morning. He is one of my greatest friends and a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela.”

<blockquote class="twitter-tweet">President Trump just spoke with Prime Minister Modi. STAY TUNED… <a href="https://t.co/IFcxrJj04m">pic.twitter.com/IFcxrJj04m</a>&mdash; Ambassador Sergio Gor (@USAmbIndia) <a href="https://twitter.com/USAmbIndia/status/2018350438933037154?ref_src=twsrc%5Etfw">February 2, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

"This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! 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 per cent to 18 per cent. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO," POTUS added. The American president also said, “Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most.”&nbsp;<h2>‘Unlocks immense opportunities’: PM Modi confirms reduction in US tariffs&nbsp;</h2>&nbsp;Prime Minister Narendra Modi also confirmed the developments and said in a post on X, “Wonderful 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.”&nbsp;&nbsp;

<blockquote class="twitter-tweet">Wonderful 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…&mdash; Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/2018377090840830101?ref_src=twsrc%5Etfw">February 2, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

&nbsp;“When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s 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.”&nbsp;US Ambassador Sergio Gor also shared in a post on X, “As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!”

<blockquote class="twitter-tweet">As I have said many times, President Trump genuinely considers Prime Minister Modi a great friend! Thrilled by the news of the trade deal this evening. The relationship between the United States and India has LIMITLESS POTENTIAL!&mdash; Ambassador Sergio Gor (@USAmbIndia) <a href="https://twitter.com/USAmbIndia/status/2018375085661523976?ref_src=twsrc%5Etfw">February 2, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

US President Donald Trump dialled the Indian Prime Minister Narendra Modi, US Ambassador Sergio Gor said via post on X.

US President Donald Trump dialled the Indian Prime Minister Narendra Modi, US Ambassador Sergio Gor said via post on X. The American President later shared a post on his social media platform Truth Social handle and said, “It was an honour to speak with Prime Minister Modi of India this morning. He is one of my greatest friends and a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela.”

US President Donald Trump dialled the Indian Prime Minister Narendra Modi, US Ambassador Sergio Gor said via post on X.

‘We agreed to trade deal’: Trump dials PM Modi, reduces tariffs on India from 25% to 18%

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PM Modi thanks Trump, as US tariffs on Indian exports come down from 50% to 18%

‘Agreed to trade deal’: Trump dials Modi, cuts tariffs on India from 25% to 18%