US President Donald Trump has moved to remove an additional 25 percent tariff imposed on Indian goods following a trade agreement between the two countries, according to an executive order signed on Friday.

The extra duty, which had been levied over India’s purchases of Russian oil, will be lifted at 12:01 am Eastern Time on Saturday. The order states that India has committed to stopping the direct or indirect import of oil from the Russian Federation.

The decision comes days after Trump announced a broader trade deal with India, saying Prime Minister Narendra Modi had assured Washington that New Delhi would halt Russian oil purchases amid the ongoing Ukraine war.

As part of the agreement, India has also committed to buying energy products from the United States. The executive order further noted that New Delhi has recently agreed to a framework aimed at expanding defence cooperation between the two countries over the next decade.

Tariff reduction still to be rolled out

While the additional 25 percent tariff is being removed immediately, the wider reduction in so-called reciprocal tariffs is yet to be implemented. Under the agreement, US duties on Indian products are expected to be reduced to 18 percent from the earlier level of 25 percent.

Other provisions of the deal include the removal of tariffs on certain aircraft and aircraft parts. A separate joint statement released by the White House said India intends to purchase goods worth $500 billion from the United States over the next five years. These purchases are expected to include energy products, aircraft and parts, precious metals, technology products and coking coal.

The move marks a sharp decline in US tariff levels on Indian goods, which had stood at as high as 50 percent late last year. The agreement also helps ease months of strain between the two countries over India’s oil imports, which Washington has argued help finance the conflict in Ukraine.

The deal signals a reset in ties between Trump and Prime Minister Modi, whom the US President has previously described as one of his closest friends.

Trade experts have noted that the proposed 18 percent tariff rate could offer Indian exporters a slight advantage in the US market compared to regional competitors facing duties of around 19 to 20 percent.

A suicide bombing at a Shia place of worship in Pakistan’s capital Islamabad left at least 69 people dead and more than 160 injured on Friday, according to media reports.

The explosion took place at Tarlai Imambargah, located in the Shehzad Town area, when a suicide bomber detonated explosives near the main gate of the shrine during afternoon hours.

Attacker stopped at entrance, officials say

Security officials were quoted as saying that the attacker was intercepted by guards at the entrance, preventing him from entering the main hall where worshippers had gathered. Despite this, the blast caused extensive damage to the gate and nearby structures.

Visuals from the scene showed shattered windows of surrounding buildings and debris scattered across the road following the explosion.

Emergency declared, injured shifted to hospitals

Following the blast, the Islamabad Inspector General of Police declared a city-wide emergency, as rescue and law enforcement teams rushed to the site amid fears of high casualties.

The injured were shifted to Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital for treatment.

Prime minister condemns attack

Pakistan Prime Minister Shehbaz Sharif expressed deep grief over the attack and strongly condemned the bombing at the Shiite mosque in Islamabad.

In a statement, he said the incident was a tragic act of violence and offered condolences to the families of those killed. Official statements noted that dozens were injured in the attack, with treatment ongoing at city hospitals.

Previous attack referenced

The incident comes less than three months after a suicide blast outside a district and sessions court building in Islamabad on November 11, 2025, in which 12 people were killed and over 30 injured.

Bangladesh is moving quickly to finalise a trade agreement with the United States after India concluded a deal with Washington that lowered tariffs on Indian goods to 18 per cent. The development has triggered concern in Dhaka that Bangladesh could lose market share in the US if it fails to secure comparable or better terms.

The US and Bangladesh are expected to sign the agreement on February 9, just three days before the country’s national election scheduled for February 12. The timing and lack of transparency surrounding the deal have drawn criticism from economists, business leaders and political observers.

Bangladesh’s economy is heavily dependent on ready-made garment exports, which account for nearly 90 per cent of its exports to the US. Any tariff disadvantage compared to India could significantly impact export orders and employment in the sector.

Tariff cuts under negotiation

The proposed agreement follows a series of tariff revisions imposed by Washington. In April 2025, the US imposed a steep 37 per cent tariff on Bangladeshi goods. This was reduced to 35 per cent in July and further lowered to 20 per cent in August.

According to reports, the upcoming deal is expected to bring tariffs down further to around 15 per cent. Officials see this as critical to keeping Bangladeshi exports competitive against Indian products in the US market.

Secrecy around negotiations raises concerns

Concerns have intensified due to the confidential nature of the negotiations. In mid-2025, the interim government led by Muhammad Yunus signed a formal non-disclosure agreement with the US, committing to keep tariff and trade discussions confidential.

No draft of the agreement has been shared with the public, parliament or industry stakeholders. A commerce adviser had earlier stated that the deal would not go against national interests and could be made public with US consent.

Policy experts, however, argue that the lack of disclosure prevents meaningful debate on the agreement’s long-term implications.

Conditions reportedly linked to the deal

Media reports suggest that the agreement may include several conditions. These include reducing imports from China, increasing military procurement from the US, and allowing American goods easier access to the Bangladeshi market.

It is also reported that Bangladesh may be required to accept US standards and certifications without additional scrutiny. Inspections on US vehicle imports and parts could reportedly be eased to facilitate smoother entry into the local market.

A senior policy analyst described the process as opaque, noting that signing the agreement just days before elections could bind the hands of the next elected government.

Garment industry left in the dark

Bangladesh exports garments and textiles worth between $7 billion and $8.4 billion annually to the US, accounting for nearly 96 per cent of its total exports to the American market. In comparison, Bangladesh imports around $2 billion worth of goods from the US.

With India and Bangladesh exporting similar apparel products, lower tariffs for India could shift US buyers towards Indian suppliers. Industry leaders warn that this could put millions of jobs at risk in Bangladesh’s garment sector, which employs 4 to 5 million workers, most of them women.

The sector contributes over 80 per cent of Bangladesh’s export earnings and nearly 20 per cent of its GDP.

A senior garment exporters’ association official said the agreement carries major implications and should ideally have been signed after the election to allow broader political and public discussion.

Political timing draws criticism

Economists and analysts have also questioned why an unelected interim administration is finalising a major trade agreement so close to national elections. They argue that responsibility for implementing the deal will fall on the incoming elected government.

A prominent economist criticised the process as lacking transparency and warned that the country could be pushed into long-term commitments without adequate scrutiny or public consent.

Meanwhile, US diplomats have indicated openness to engaging with various political forces in Bangladesh, including Jamaat-e-Islami, which has been banned multiple times in the country’s history.