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The agreement was short on details, but President Trump said India had promised to stop buying Russian oil and would buy more U.S. products for a reduction on tariffs.
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Trump's move is aimed at cutting America's dependence on China for materials essential to electric vehicles, defense systems and advanced technology.
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US agrees to drop tariffs after India stops Russian oil purchases BBCTrump Live Updates: India Trade Deal, Partial Government Shutdown and More News The New York TimesTrump slashes tariffs on India after Modi agrees to stop buying Russian oil CNNUS cuts tariffs on India to 18%, India agrees to end Russian oil purchases ReutersTrump, Modi Announce Initial Trade Pact. Why It's Good For Indian Stocks. Barron's
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