Trade, oil and Ukraine: What Modi-Trump deal signals | EXPLAINED

Feb 3, 2026 - 14:17
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Trade, oil and Ukraine: What Modi-Trump deal signals | EXPLAINED
India-US trade deal: While India and the United States have announced a trade agreement, Ukraine remains central to the broader context of the deal. Earlier, Trump had imposed an additional 25 per cent tariff on India, directly linking it to New Delhi’s purchases of Russian oil. 

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