<h1>India-U.S. trade deal: India to stop buying Russian oil and commit $500 billion to U.S. purchases.</h1> India agreed to stop purchasing Russian oil and to direct substantial purchases to the United States (and potentially Venezuela), alongside a reported USD 500 billion commitment to buy U.S. energy, transportation, and agricultural products. The announced arrangement includes reciprocal tariff adjustments-U.S. tariffs on India set at 18% and India reducing tariffs and non-tariff barriers on U.S. exports to zero-and links sovereign procurement shifts with large-scale commercial and investment commitments.