US eases India tariffs after pledge to curb Russian oil purchases, White House says
TL;DR Summary
US officials say Washington will drop a 25% additional tariff on Indian imports tied to India's purchases of Russian oil and reduce the country-specific tariff to 18% from 25%, following a call between President Trump and Prime Minister Modi; the move aligns with India's pledge to curb Russian oil purchases, and Trump announced the changes in a Truth Social post, without explicitly addressing the August tariff.
- US dropping 25% separate tariff on Indian imports after pledge to cut Russian oil, White House says Reuters
- Why India Will Struggle to Reduce Its Reliance on Russian Oil The Wall Street Journal
- India Made Long Push With Trump Behind Scenes to Clinch US Deal Bloomberg.com
- US to cut tariffs on India to 18%, India agrees to end Russian oil purchases Reuters
- Trump refuses to be outdone by Europe, signing his own U.S.-India trade deal CNBC
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