NEW DELHI, Feb 2 (Reuters) – U.S. President Donald Trump on Monday said he had agreed on a trade deal with India, and that New Delhi also agreed to stop buying Russian oil and buy more from the U.S. and potentially Venezuela.
Below is the timeline of events since Trump imposed a 50% tariff on Indian goods being shipped to U.S.
2025
April 2, 2025 — The U.S. imposed a 26% “reciprocal tariff” on several Indian imports under his global “liberation day” tariff actions.
April 10 – Trump paused the tariffs for 90 days and maintained a 10% duty on all U.S. imports.
July 31 – Trump announced a 25% tariff on all Indian goods and said it would levy a penalty if India continued to buy Russian oil.
August 7 – Trump boosted to 50% tariffs on Indian goods being shipped to U.S., citing the Asian country’s continued purchase of Russian oil. The tariff on Indian goods was the highest among U.S. trade partners.
(Reporting by Aftab Ahmed and Shivangi Acharya in New Delhi)
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