Watch: U.S.-India trade jigsaw: Where will Russian oil and $500 bn fit in? | Business Matters

2026-02-04 - 15:45

The U.S. and India say they have agreed to a trade deal, with President Donald Trump announcing a cut in U.S. tariffs on Indian imports from 50% to 18%, boosting stock markets and the Rupee. Trump also flagged India committing to halting its Russian oil purchases as well as a $500 billion purchase commitment. With no signed deal made public, uncertainty remains. What does this mean for India’s trade and energy ties?