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India-US Trade Deal Highlights: External Affairs Minister S Jaishankar meets US Secretary of State Marco Rubio
India US Trade Deal LIVE Updates: Day after India and the US reached a trade agreement and Trump claimed that India has agreed to stop purchasing Russian oil. Indian External Affairs Minister S Jaishankar met Scott Bessent and Marco Rubio on Wednesday as they held talks on the economic partnership.
- 7:44 AM IST, Feb 4All updates to this live blog have ended.
- 7:43 AM IST, Feb 4India-US trade deal highlights
- 5:39 AM IST, Feb 4US Secretary of State Marco Rubio
- 4:43 AM IST, Feb 3Lok Sabha witnesses walkout by opposition over India-US trade deal
- 4:17 AM IST, Feb 3Former Indian diplomat hails India-US trade deal
- 3:29 AM IST, Feb 3Kerala CM Pinarayi Vijayan says India-US deal will push country into ‘unequal and subordinate position’
- 2:46 AM IST, Feb 3Odisha CM Majhi hails India-US trade deal, calls it ‘people focused’ diplomacy
- 2:03 AM IST, Feb 3As deal reaches final stages, Opposition raises questions
- 1:22 AM IST, Feb 3EAM S Jaishankar meets US Treasury secretary Scott Bessent
- 12:43 AM IST, Feb 3Samyukta Kisan Morcha slams BJP government over India-US trade deal
- 12:09 AM IST, Feb 3White House press secretary Karoline Leavitt calls deal ‘huge win’
- 11:32 PM IST, Feb 3BJP MP Harsh Vardhan Shringla calls India-US trade deals ‘father of all deals’
- 7:34 PM IST, Feb 3Trump's trade representative says ‘still papering’ the deal
- 7:22 PM IST, Feb 3Assam CM hails agreement as ‘historic’
- 6:41 PM IST, Feb 3Market rallies after agreement with Washington
- 5:56 PM IST, Feb 3What Piyush Goyal said about details of the agreement
- 5:46 PM IST, Feb 3Piyush Goyal on why Trump revealed agreement first
- 5:43 PM IST, Feb 3Piyush Goyal continues to target Rahul Gandhi
- 5:37 PM IST, Feb 3PM Modi ensured that India's sensitive sectors were safeguarded, Goyal says
- 5:28 PM IST, Feb 3Piyush Goyal gives details
- 5:14 PM IST, Feb 3The agriculture question
- 5:00 PM IST, Feb 3The Russian oil question
- 4:41 PM IST, Feb 3Piyush Goyal to share details shortly
- 4:31 PM IST, Feb 3Samajwadi Party says agriculture sector will suffer
- 4:03 PM IST, Feb 3Russia taking a wait and watch approach
- 4:01 PM IST, Feb 3Russia says it respects New Delhi's relationship with Washington
- 3:48 PM IST, Feb 3Moody's says stopping Russian oil import to be ‘disruptive’ for New Delhi
- 3:40 PM IST, Feb 3What Kremlin said on India's Russian oil purchase
- 3:28 PM IST, Feb 3Kremlin says not heard about New Delhi not buying Russian oil
- 2:58 PM IST, Feb 3‘Govt needs to bring clarity’ - Aaditya Thackeray on deal
- 2:43 PM IST, Feb 3‘PM Modi sold the country’ - Rahul Gandhi on trade deal
- 2:22 PM IST, Feb 3Shashi Tharoor flags unanswered questions - ‘Need for clarity’
- 1:57 PM IST, Feb 3India-US trade deal to enhance competitiveness of auto components - ACMA
- 1:41 PM IST, Feb 3White House official calls Trump ‘Dealmaker in Chief’
- 12:52 PM IST, Feb 3S Jaishankar to meet Marco Rubio amid trade deal
- 12:38 PM IST, Feb 3Congress MP says trade agreement undermines India's sovereignty
- 12:25 PM IST, Feb 3How India focused on resilient economy in run-up to US trade deal
- 12:13 PM IST, Feb 3Piyush Goyal likely to make statement on deal in Parliament - Report
- 11:58 AM IST, Feb 3India's US envoy calls trade deal a ‘big win’
- 11:45 AM IST, Feb 3Congress MP not happy with Trump announcing New Delhi-Washington deal
- 11:33 AM IST, Feb 3‘Reinforces India’s position as a key driver of global growth’- Yogi Adityanath on trade agreement
- 11:25 AM IST, Feb 3India agrees to buy petroleum, defence goods from US, says official - Report
- 11:19 AM IST, Feb 3India's seafood exports to US set to rebound after tariff cut to 18% - SEAI
- 11:06 AM IST, Feb 3Moody's says India unlikely to cease all crude oil purchase from Russia
- 10:44 AM IST, Feb 3PM Modi felicitated for trade agreement with US
- 10:23 AM IST, Feb 3What home minister Amit Shah said on US-India trade deal
- 9:59 AM IST, Feb 3What Sergio Gor said after India-US deal
- 9:44 AM IST, Feb 3Stock markets jump day after trade agreement announcement
- 9:36 AM IST, Feb 3Nitin Gadkari hails trade agreement between New Delhi, Washington
- 9:24 AM IST, Feb 3Who is Sergio Gor? Trump's man in India
- 9:13 AM IST, Feb 3Nitin Nabin says trade deal ‘highly commendable’
- 8:58 AM IST, Feb 3Jairam Ramesh slams Trump's announcement of trade deal
- 8:42 AM IST, Feb 3US ambassador Sergio Gor's prelude to trade deal
- 8:34 AM IST, Feb 3When Trump imposed reciprocal tariffs on Indian goods | Timeline
- 8:25 AM IST, Feb 3Nirmala Sitharaman welcomes trade deal
- 8:14 AM IST, Feb 3US Chamber of Commerce welcomes trade deal
- 8:06 AM IST, Feb 3What PM Modi said on trade deal | Full post
- 8:00 AM IST, Feb 3What we know so far about the trade deal
- 7:42 AM IST, Feb 3How Trump announced India-US trade deal | Full post
India-US trade deal LIVE highlights: After trade negotiations which stretched almost around a year, India and the United States finally reached a much-anticipated trade agreement as PM Modi and President Donald Trump announced the deal on Monday evening, prelude of which was given by the US ambassador to India, Sergio Gor, just hours ahead....Read More
Under the deal, Indian exporters got a huge relief as President Trump said that the tariffs on India exports to the US have been reduced to 18% from 25%. However, he also claimed that India has agreed to stop buying oil from Russia and to buy more oil from the United States and potentially Venezuela. On the other hand, the tariffs on India exports to the US have been reduced to 18% from 25%.
While the post by President Trump on Truth Social only talked about the reciprocal tariffs, a While House official confirmed to HT that the other 25%, which was imposed as a penalty on India for buying Russian oil, will be dropped “as part of India’s agreement to cease Russian oil purchases”. “Final tariff will be 18%,” the official said.
The deal was concluded after both the leaders spoke on Monday. While PM Modi shied away from mentioning trade deal, ministers including Ashwini Vaishnaw and Piyush Goyal confirmed on X that a trade deal has been agreed upon.
India-US trade deal LIVE updates | Key points
What PM Modi said
After US President Donald Trump announced the deal through his Truth Social account, PM Modi took to X (formerly Twitter) and said that it was “wonderful” to speak to his “dear friend” President Trump and thanked on behalf of Indians.
“Wonderful to speak with my dear friend President Trump today. Delighted that Made in India products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement,” PM Modi wrote.
“When two large economies and the world’s largest democracies work together, it benefits our people and unlocks immense opportunities for mutually beneficial cooperation. President Trump’s leadership is vital for global peace, stability, and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights,” he added.
What Donald Trump said
While announcing the deal, US President Donald Trump called PM Modi one of his “greatest friends” and said that the two leaders discussed not just trade but also how to end the Ukraine Russia war.
“He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela. This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week!” Trump wrote.
He added that both the nations agreed to a Trade Deal between the United States and India, “whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%.”
“They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO. The Prime Minister also committed to "BUY AMERICAN," at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most. Thank you for your attention to this matter!” he added.
