Trump signs executive order lifting 25% punitive tariff on India over Russian oil
US President Donald Trump has revoked the additional 25% tariff on Indian imports, previously imposed due to New Delhi’s Russian oil purchases. This decision follows a recent trade deal where India agreed to reduce these imports. The move aims to ease trade tensions and comes as India has already begun scaling back its Russian oil acquisitions.🕒 1 min read
US President Donald Trump has revoked the additional 25% tariff on Indian imports, previously imposed due to New Delhi’s Russian oil purchases. This decision follows a recent trade deal where India agreed to reduce these imports. The move aims to ease trade tensions and comes as India has already begun scaling back its Russian oil acquisitions.
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