US, India to Slash Tariffs Under New Trade Deal, Trump Says

U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office of the White House on Feb. 13, 2025. Andrew Harnik/Getty ImagesThe United States and India have reached a trade agreement and will begin lowering tariffs on each other’s goods immediately, President Donald Trump announced Monday.As part of the deal, the United States will cut its reciprocal tariff rate from 25 percent to 18 percent, Trump wrote on Feb. 2 in a post on Truth Social. In exchange, he said, India has agreed to “move forward to reduce their Tariffs and Non Tariff Barriers against the United States to ZERO.”