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Trump announces trade deal with India, claims New Delhi will stop buying Russian oil

Donald Trump announces a trade deal with India, reducing US tariffs to 18 per cent and claiming New Delhi will halt Russian oil purchases.

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US President Donald Trump on Tuesday announced that the United States and India have agreed to a trade deal that will reduce American tariffs on Indian goods from 25 per cent to 18 per cent. The announcement was made through a post on Trump’s social media platform, Truth Social.

According to Trump, the decision was taken “out of friendship and respect” for Prime Minister Narendra Modi and at the Indian leader’s request. He stated that the revised tariff would take effect immediately, with remaining formalities to be completed in the coming days.

Prime Minister Modi, in a post shortly after Trump’s announcement, thanked the US President for what he described as a significant step, expressing appreciation on behalf of India’s population.

Tariff reduction to be finalised soon

While neither government initially shared detailed terms of the agreement, the US ambassador to India later indicated that further clarity would follow. In an interaction with media, he confirmed that the overall tariff on Indian goods entering the US market would stand at 18 per cent once the deal is formally concluded.

He added that some procedural aspects are still pending, but the tariff rate itself has been agreed upon and is not expected to change.

Trump also claimed that India would move to reduce its own tariffs and non-tariff barriers on US goods to zero, though no official statement from the Indian side has detailed such measures so far.

Claim on Russian oil purchases

In his post, Trump further asserted that India has agreed to stop buying Russian oil and instead increase its energy purchases from the United States and potentially Venezuela. He linked this claim to broader geopolitical developments, stating that such a move would contribute to ending the war in Ukraine.

There has been no official confirmation from New Delhi regarding any commitment to halt Russian oil imports.

Timing linked to wider trade developments

The announcement comes soon after India concluded a major free trade agreement with the European Union following prolonged negotiations. That agreement provides India with expanded access to the EU market, particularly in pharmaceuticals and medical devices, and is expected to support manufacturing, employment and MSMEs.

The tariff reduction by the US was also announced a day after India presented its annual budget, which included measures aimed at addressing challenges arising from higher US tariffs imposed earlier.

Background of stalled negotiations

Trade talks between India and the US had slowed in recent months after Washington imposed a steep tariff on Indian goods over continued energy purchases from Russia. Negotiations resumed following renewed engagement between the two sides, including high-level discussions between the two leaders.

Officials had earlier indicated that progress was being made toward a trade agreement, with cooperation expanding across areas such as technology, energy, defence and trade.

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Magnitude 7 earthquake strikes Russia’s Kamchatka Peninsula

A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday. The initial report placed the earthquake at a depth of 140 kilometres.

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A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday, October 16, according to the European-Mediterranean Seismological Centre (EMSC).

The initial report placed the earthquake at a depth of 140 kilometres (approximately 87 miles). Details about the impact of the earthquake, including any damage or casualties, were not immediately available in the initial report.

Earthquake strikes seismically active Kamchatka region

Russia’s Kamchatka Peninsula is a seismically active region where earthquakes occur because of tectonic activity.

The latest earthquake was reported by the EMSC, which provided the initial magnitude and depth estimates. Further information about the situation on the ground was not available in the initial report.

What is known so far

  • Location: Kamchatka Peninsula region, Russia
  • Magnitude: 7.0
  • Date: Friday, October 16, 2026
  • Reported depth: 140 kilometres
  • Casualties and damage: Not provided in the initial report

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S Jaishankar says India is a natural option for Russia amid Europe tensions

External Affairs Minister S Jaishankar said India remained a natural option for Russia as Moscow increasingly turned towards Asia amid strained relations with Europe. He highlighted the continuity of India-Russia ties and their significance for the balance of power in Asia.

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External Affairs Minister S Jaishankar has described India as a natural option for Russia as Moscow increasingly looks towards Asia amid deteriorating relations with Europe. He said India’s longstanding relationship with Russia had remained steady despite significant changes in the international strategic landscape.

Jaishankar made the remarks during a conversation with John Micklethwait, editor-in-chief of the Bloomberg New Economy Forum. He discussed how the Russia-Ukraine war had affected Moscow’s relationship with Europe and contributed to Russia’s growing focus on Asia.

Jaishankar highlights Russia’s shift towards Asia

Jaishankar said Russia’s relationship with Europe had become deeply strained following the Ukraine war. He noted that Russia had historically viewed itself as a European country and placed considerable importance on its relations with Europe and the United States.

However, the conflict had pushed Moscow to look increasingly towards Asia,with much of that shift directed towards China.

The minister said it was in India’s interest, as well as the wider world’s interest, for Russia to maintain multiple relationships in Asia rather than having its options concentrated in one direction.

Against this backdrop, he described India as a natural partner for Russia, pointing to the longstanding nature of the relationship between the two countries.

India-Russia ties remain steady despite global changes

Jaishankar said India and Russia had maintained a consistent relationship over several decades. He emphasised that New Delhi continued to engage with Moscow even as the global order and Russia’s strategic calculations evolved.

According to the minister, India was reassuring Russia that the relationship built over nearly eight decades remained steady despite the changes in Moscow’s relations with Europe and the wider West.

He stressed that India was not passing a value judgment on those changes but was continuing its bilateral engagement with Russia.

Jaishankar said the relationship had benefited both countries and contributed to the balance of power and the broader status quo in Asia. 

Why the relationship matters for Asia

Jaishankar’s remarks highlighted India’s position in Russia’s changing regional outlook. As Moscow increasingly turns towards Asia, India continues to maintain its longstanding ties with Russia while navigating a changing international environment.

The minister’s comments underscored the importance he placed on preserving India-Russia ties and ensuring that Russia maintained multiple relationships in Asia. 

His assessment came against the backdrop of strained Russia-Europe relations following the war in Ukraine, which has reshaped Moscow’s engagement with Western countries and increased its focus on Asian partners.

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Putin praises PM Modi, says he has very good ideas on Ukraine war

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for repeatedly raising the need to end the Ukraine war, describing his ideas for a settlement as “very good”.

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Vladimir Putin

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for his continued efforts to promote an end to the Russia-Ukraine war, saying the Indian leader has “very good ideas” aimed at finding a mutually acceptable solution.

Putin made the remarks while addressing the Valdai Forum of international Russia experts, where he spoke about Modi’s repeated efforts to raise the issue of ending the conflict.

What Putin said about PM Modi

Putin said Modi has continued to raise the question of ending the conflict despite the close and friendly relationship between India and Russia.

According to Putin, the Prime Minister has shown a strong interest in finding a solution and has ideas that could help identify mutually acceptable ways to resolve the conflict.

Putin also described India’s position as neutral while highlighting Modi’s interest in bringing the conflict to an end through peaceful means.

The Russian president expressed gratitude to Modi for his ideas and his desire to see the conflict end as soon as possible.

Modi’s position on the Ukraine war

PM Modi has repeatedly called for dialogue and diplomacy to resolve conflicts, including during his meetings with Putin.

During their September 11 meeting in New Delhi, Modi reiterated that dialogue and diplomacy are the way forward for resolving conflicts.

Modi had also told Putin during their meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek that the situation needed to move from “endless war” towards an end to the war.

India has consistently maintained that conflicts should be addressed through dialogue and peaceful means, with Modi previously describing the present period as not being an era of war.

The Russia-Ukraine conflict began in February 2022 and has continued despite repeated diplomatic efforts to seek a resolution.

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