2 Feb 2026
US–India trade agreement: tariffs cut to 18%
UPSC
Banking
International Relations
Summary
The United States agreed to lower tariffs on Indian exports to 18% in exchange for India limiting purchases of Russian crude oil. The pact resolves a multi-year tariff stand-off.
Why it matters
Geopolitical and trade-policy implications. UPSC International Relations and Economy. Note the linkage between trade and energy policy — a recurring theme in mains answers.