[Trump Releases Positive Tariff News, U.S. Lowers Tariffs on India to 18%] BlockBeats News, February 3, U.S. President Trump stated that Indian Prime Minister Modi has agreed to stop purchasing Russian oil and will buy more oil from the United States, potentially even from Venezuela. Starting immediately, the U.S. and India have agreed to establish a trade agreement. According to this agreement, the U.S. will lower reciprocal tariffs on India from 25% to 18%. They will also gradually eliminate tariffs and non-tariff barriers on the U.S. until they are completely removed. (Jin10)