US-India trade deal: Washington dropping 25% separate tariff on Indian imports after Russian oil cut promise, White House says
- Posted on February 2, 2026
- By Business News Today
- 4 Views
US-India trade deal: Washington dropping 25% separate tariff on Indian imports after Russian oil cut promise, White House says
US-India trade deal news: The Trump administration is removing a 25% tariff on Indian imports previously imposed due to New Delhi's purchases of Russian oil. This action follows India's agreement to cease buying Russian oil, with a country-specific tariff also being reduced to 18%.
