The agreement between the USA and India reduces customs duties from 25% to 18%. Modi will stop purchasing Russian oil and will buy more oil from the USA.

American President Donald Trump announced on the social media platform Truth Social an agreement with Indian Prime Minister Narendra Modi, which provides for reducing customs duties on imports from India from 25% to 18%.

This decision comes after a phone conversation between the two leaders. During the discussion, Modi agreed to stop purchasing oil from Russia and committed to buying more oil from the United States, as well as possibly from Venezuela. The agreement reflects a strengthening of economic and trade relations between the two countries.