Trump and Modi’s 18% Tariff Truce: What It Really Means for India to US Importers

On 2nd February 2026, the US cut India’s “reciprocal” tariff rate to 18% and rolled back an extra 25% duty tied to Russian crude. It’s not “cheap again”, but it is suddenly model-able. Here’s what changes first, which categories benefit, and what to rework in your landed cost maths before the next policy snap back.