India, Feb. 3 -- In a social media announcement on 2 February 2026, U.S. President Donald Trump declared a trade deal with India. According to the announcement, following a high-stakes call with PM Narendra Modi, the U.S. has slashed its reciprocal tariffs on Indian goods from 25%, which had effectively reached 50% for oil-related friction, down to 18%.

PM Modi also took to X within minutes of the announcement to confirm the breakthrough, expressing his delight and thanking President Trump on behalf of 1.4 billion people.

He described his conversation with Trump as "wonderful," framing the deal not just as a trade agreement but as a testament to the power of the world's two largest democracies working in tandem.

Wonderful to speak with...