The White House has hailed a new trade agreement with India, saying the country has committed to “no longer” purchasing Russian oil, with Prime Minister Narendra Modi also agreeing on investments of $500 billion across key American sectors.
These remarks were made by White House Press Secretary Karoline Leavitt on Tuesday (February 3, 2026).
Opposition MPs in Rajya Sabha question Centre over India-U.S. trade deal
"The President struck another great trade deal with India. He spoke with Prime Minister Modi directly. They share a very good relationship. India is committed to not only no longer purchasing Russian oil, but buying oil from the United States, also perhaps from Venezuela too, which we know will now have a direct benefit on the United States and the American people,” Ms. Leavitt told reporters Tuesday (February 3, 2026).
She further said that in addition to that, Prime Minister Modi “committed to $500 billion of investments into the United States, including for transportation, for energy and for agricultural products as well. So this is another great trade deal thanks to President Trump.”
