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Trump to cut India tariffs as Modi agrees to stop buying Russia oil

By Frank Prenesti

Date: Tuesday 03 Feb 2026

(Sharecast News) - Indian shares surged on Tuesday after US President Donald Trump announced a long-awaited trade deal that slashed tariffs on imports in exchange for Delhi's agreement to stop buying Russian oil.
The deal, announced overnight, will see tariffs on Indian exports cut to to 18% from 50%, removing a...

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