Ministry of Commerce and Industry, India

Rule Changes

First tranche finalised; awaiting legal vetting and tariff-advantage clarity

In February 2026, President Donald Trump cut tariffs on Indian goods from 50% to 18% after Prime Minister Narendra Modi said India would stop buying Russian oil, and India put $500 billion of US energy, aircraft and technology purchases on the table over five years. No binding agreement has been signed. The US Supreme Court then struck down the reciprocal tariff regime that the 18% rate rested on, leaving duties on Indian exports unsettled.

Updated Oct 31