By Gavin Bade

The U.S. will lower tariffs on most Indian goods to 18%, the governments said in a joint statement on Friday, and eliminate national-security tariffs on certain aircraft and automobile parts as part of a trade agreement announced earlier this week.

Trump last year slapped 50% tariffs on India over its purchases of Russian oil and concerns of a persistent trade deficit. After months of negotiations, the nations this week said they had reached a deal in which India would open up its notoriously protectionist market to U.S. industrial and agricultural goods. Trump also said India agreed to stop purchasing Russian oil.

As part of that deal, the U.S. will eliminate tariffs on many aircraft parts from India and set up a system by which a set amount of automotive parts will be able to enter the U.S. with lower or no tariffs. The U.S. said that it would also give preferential treatment to Indian goods in upcoming national-security tariffs on pharmaceuticals, which are expected in the coming months. It remains unclear, however, when India has agreed to stop its purchases of Russian oil, which amount to more than a million barrels a day.

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(END) Dow Jones Newswires

February 06, 2026 18:33 ET (23:33 GMT)

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