Home / Business / Trump and India Call Off Their Trade War, but the Terms of Peace Are Murky

Trump and India Call Off Their Trade War, but the Terms of Peace Are Murky

Officials and business leaders welcomed lower tariffs, but India has not yet confirmed that it would stop buying Russian oil, which President Trump said Prime Minister Narendra Modi had agreed to.

The economic war the Trump administration unleashed against India last summer came to an abrupt end on Monday with a pair of social media posts from President Trump and India’s prime minister, Narendra Modi, announcing an end to the punishing tariffs… [1348 chars]

Source: The New York Times | Published: 2026-02-03T06:18:27Z

Credit: The New York Times

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