Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

Trump, Modi Reach Trade Deal Slashing India Tariffs to 18%

Trump is also removing the extra 25 percent duty on Indian goods he applied in response to India’s purchases of crude from Russia, Bloomberg reported. 
Two workers in a largely garment factory in Tiruppur, in the southern state of Tamil Nadu, India.
The US is India's biggest export market, and the new levies have hurt labour-intensive industries including textiles, leather, footwear and jewellery. (Getty Images)

Please log in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.

The US and India reached a trade agreement cutting tariffs on Indian goods, US President Donald Trump announced, deescalating tensions between the two countries.

In This Article

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Global Markets
A guide to unlocking opportunity in emerging and frontier fashion markets.
view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.

Can Big Luxury Find Its New Look?

Sex sells — if anyone can figure out what sexy means in 2026. Robert Williams tracks the search for a new silhouette at Kering’s Gucci, LVMH’s Dior and more.


Estée Lauder’s Surprise Acquisition, Explained

The American cosmetic giant’s buyout of Ayurvedic beauty line Forest Essentials came as a surprise. By picking an under-the-radar brand it knows well, the company can show that it’s still in the M&A game without needing to outbid rivals.


VIEW MORE
Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON