Following the announcement of a trade deal on 2 February 2026, U.S. President Donald Trump has signed an executive order, "Modifying Duties to Address Threats to the United States by the Government of the Russian Federation", which removes the increased reciprocal tariff of 25% on Indian goods. The increased tariff had been introduced due to India's purchase of Russian oil. The order is effective at 12:01 a.m. eastern standard time on 7 February 2026. Click the following link for a joint st…