Trump says US and India have agreed on a deal as Modi pledges to stop buying Russian oil

Former U.S. President Donald Trump reiterated publicly that the United States and India have reached a bilateral trade deal following his communication with Prime Minister Narendra Modi. Trump highlighted that India would reduce its reliance on Russian oil imports, which had been a major point of contention.

This public affirmation comes as both governments work out implementation frameworks and clarify sectors that will benefit from tariff relief. Trump’s statement underscores the political will behind the agreement and signals forthcoming adjustments to trade regimes.

Observers note that such high-profile affirmations help stabilise market sentiment and encourage confidence among exporters and investors awaiting details on tariff schedules and reciprocal commitments from both countries.