India-US Trade Deal Live Updates
|
February 3, 2026 · 11:13 PM
Piyush Goyal in a post on X
“Stronger India-US economic ties will benefit our businesses and people. The India-US trade deal will create unprecedented opportunities for traders, strengthen supply chain resilience, and contribute to the long-term economic growth of both nations.” |
|
February 3, 2026 · 06:20 PM
India-US Trade Deal Keeps Dairy and Key Farm Sectors Protected
Commerce and Industry Minister Piyush Goyal said India has safeguarded its dairy and sensitive agricultural sectors under the newly announced India–US trade deal, even as Washington cut tariffs on Indian goods to 18%. He stressed that farmer interests remain non-negotiable despite broader market access talks. Read More: India–US Trade Deal: Dairy, Key Agri Sectors Protected, Says Piyush Goyal |
|
February 3, 2026 · 02:50 PM
Adani Group Shares Jump Up to 12% as India-US Trade Deal Eases Tariff Pressure
Adani Group stocks rallied sharply on February 3 after the India–US trade deal cut reciprocal tariffs on Indian goods to 18% from 25% earlier, easing a key market overhang. Shares of Adani Enterprises, Adani Ports, Adani Green Energy and Adani Power rose up to 12% as investors priced in improved trade and export visibility. Read More: Adani Stocks Jump Up to 12% After India–US Trade Deal Eases Tariff Pressure |
|
February 3, 2026 · 02:00 PM
India-US Trade Deal Sparks Rally in Textile Stocks as Tariffs Cut to 18%
India’s textile sector is seen as the biggest winner of the India–US trade deal, with tariffs cut to 18% restoring competitiveness in the US, which accounts for nearly 28% of India’s textile exports. Stocks such as Gokaldas Exports, KPR Mill, Vardhman Textiles, Indo Count and Trident jumped upto 20% in early trade as sentiment turned positive. |
|
February 3, 2026 · 10:34 AM
Rupee Gains Over 1% as US–India Trade Deal Boosts Market Confidence
Indian financial markets reacted positively on Tuesday after the US–India trade deal eased key investor concerns by sharply reducing tariffs on Indian exports. The agreement lowered US duties on Indian goods to 18% from an earlier 50%, removing a major overhang that had weighed on market sentiment across asset classes. The Indian rupee strengthened by more than 1%, rising to around 90.40 against the US dollar in early trade, reflecting improved confidence in external trade conditions. Bond markets also responded favourably, with yields on the benchmark 10-year government bond declining by about five basis points to 6.72%, indicating increased demand for sovereign debt. Market participants said the tariff rollback reduced uncertainty around export competitiveness and capital flows, offering relief to equities, bonds and currency markets amid a volatile global backdrop. Read More: Rupee Jumps Over 1% to 90.4 After India-US Trade Deal Lifts Market Sentiment |
|
February 2, 2026 · 08:54 PM
Trump Praises PM Modi After Trade Deal Call, Highlights Strong Personal Rapport
US President Donald Trump has publicly praised Prime Minister Narendra Modi following their high-level phone conversation that led to the finalisation of the India-US trade deal. Posting on Truth Social, Trump described Modi as a “powerful and highly respected leader,” underlining the mutual trust between the two heads of government. Emphasising their working relationship, Trump said that he and the Indian Prime Minister share a results-driven approach to governance, stating that they are leaders who “get things done.” The remark was positioned as a contrast to what he described as slower decision-making by others. The statement adds a personal dimension to the trade breakthrough, reinforcing the role of leader-level engagement in resolving complex negotiations. Observers note that the visible chemistry between Trump and Modi has helped accelerate progress on trade, tariffs and strategic alignment between the two countries. |
|
February 2, 2026 · 08:45 PM
India-US Trade Pact Sealed Days After Landmark EU Agreement
India’s newly concluded trade agreement with the United States comes close on the heels of a major free trade pact signed with the European Union, described by leaders as the “mother of all deals.” The rapid sequence of agreements underlines India’s expanding influence in global trade negotiations and its ability to secure market access across key economies. While the European Union remains India’s largest trading partner when measured as a bloc, the United States continues to hold the position of India’s single largest trading partner at a country level. Analysts note that finalising two high-impact trade arrangements in quick succession strengthens India’s bargaining power globally. The back-to-back deals are also expected to offer relief to Indian exporters navigating volatile global tariff regimes, reinforcing India’s push to diversify and stabilise its trade relationships. |
|
February 2, 2026 · 08:44 PM
India Commits Over $500 Billion to US Energy and Technology Imports Under Trade Deal
India has committed to purchasing more than $500 billion worth of goods from the United States as part of the newly announced India-US trade agreement, according to a statement by US President Donald Trump. The proposed procurement spans key sectors including energy, technology, agriculture, coal, and other strategic industries, signalling a significant deepening of bilateral commercial ties. The scale of the commitment had been earlier flagged by US Treasury Secretary Scott Bessent, who described the easing of punitive tariffs as a direct outcome of sustained US pressure during negotiations. Despite the large import push, Indian officials have underscored that the country’s broader policy framework remains intact. India has reiterated its position on strategic autonomy, ensuring that sensitive sectors such as agriculture and dairy continue to remain insulated from market disruption under the evolving trade arrangement. |
|
February 2, 2026 · 08:44 PM
India Signals Shift Away from Russian Oil Under US Trade Agreement
India is set to recalibrate its crude oil sourcing strategy as part of the broader India-US trade agreement, with Prime Minister Narendra Modi reportedly agreeing to scale back purchases of Russian oil. Instead, India is expected to increase crude imports from the United States and may also explore higher sourcing from Venezuela, according to statements referenced by US President Donald Trump. Trump said the move is aimed at limiting indirect funding for the Russia-Ukraine conflict by reducing global dependence on Russian energy supplies. The development marks a notable shift for India, the world’s third-largest oil importer, which had significantly increased purchases of discounted Russian seaborne crude following Western sanctions on Moscow. While operational details are yet to be clarified, the proposed transition highlights the growing linkage between trade negotiations, energy security, and geopolitical alignment in the evolving India-US economic partnership. |
|
February 2, 2026 · 08:43 PM
US Cuts Reciprocal Tariffs on Indian Goods to 18% in Major Trade De-escalation
The United States has announced an immediate reduction in reciprocal tariffs on Indian exports, lowering duties from 25% to 18% in a significant easing of trade tensions between the two countries. US President Donald Trump said the move marks a decisive step toward stabilising bilateral trade relations after months of tariff escalation. The revised tariff replaces a previously imposed 50% punitive duty on Indian goods, half of which was linked to India’s procurement of Russian crude oil. According to Trump, the rollback reflects progress made during negotiations with New Delhi. In parallel, India has agreed to move toward zero tariffs and reduced non-tariff barriers on select US products, while also expanding procurement under a higher-level “Buy American” approach. The announcement signals a shift toward trade normalisation, with implications for exporters, global supply chains and broader market sentiment. |
|
February 2, 2026 · 08:43 PM
India-US Trade Deal Finalised After Trump–Modi Call, Agreement Takes Immediate Effect
US President Donald Trump has confirmed the finalisation of an India-US trade deal following a phone conversation with Prime Minister Narendra Modi, marking a significant development in bilateral economic relations. Trump described the agreement as “immediate,” signalling the conclusion of prolonged negotiations that had been underway amid heightened tariff pressures between the two countries. In his statement, Trump referred to Prime Minister Modi as a close ally and strong global leader, emphasising the personal rapport between the two leaders as a key factor in breaking the deadlock. The announcement came shortly after US Ambassador to India Sergio Gor hinted at an imminent breakthrough with a public “stay tuned” message, fuelling speculation through the day. While detailed terms of the trade agreement are yet to be released, the confirmation has raised expectations of tariff relief and improved market access, with broader implications for trade flows and investor sentiment. |
