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Modi lauds interim trade pact after US eases tariffs

Bangkok Post

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February 08, 2026

Indian Prime Minister Narendra Modi yesterday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

Modi lauds interim trade pact after US eases tariffs

BREAKTHROUGH DEAL: Indian PM Narendra Modi is pictured with US President Donald Trump at the White House in Washington, DC, on Feb 13, 2025.

The pact cuts US “reciprocal” duties on Indian products to 18% from 25%, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Mr Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India’s oil purchases, which Washington says fund a conflict it is trying to end, and restores the close ties between Mr Trump and the man he describes as “one of my greatest friends”.

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Ratchaburi eye ACL Two progress, face stiff Persib test

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Telecom urges quicker state digital reforms

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Moscow also needs security guarantees, diplomat says

An agreement for a settlement of the nearly four-year-old conflict between Russia and Ukraine must also take into consideration security guarantees for Russia, a senior Russian diplomat was quoted as saying early yesterday.

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UniCredit's Orcel open to another term

Andrea Orcel said he’s open for a new term at the helm of Uni-Credit SpA after transforming it into one of Europe's most profitable and acquisitive banks during his first years as chief executive officer.

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South Africa open campaign with big win

Captain Aiden Markram led with a half-century as South Africa kicked off their Twenty20 World Cup campaign with a comfortable 57-run win over Canada on Monday, aided by Lungi Ngidi’s four-wicket haul in a Group D clash in Ahmedabad.

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TFEX to trade carbon credits, digital assets

The cabinet has approved a Securities and Exchange Commission (SEC) notification to expand the range of underlying assets allowed in the derivatives market.

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Stellantis says shift away from EVs will cost $26bn

Stellantis said on Friday it would take a hit of €22.2 billion (around $26 billion) to its profit to cover the cost of reversing its electric vehicle strategy and changes aimed at turning around slumping sales.

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City smell blood after Anfield comeback

Manchester City can ramp up the pressure on Premier League leaders Arsenal by cutting the gap at the top to just three points when they face Fulham today, a day before the Gunners travel to inform Brentford.

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