US reduces Indian tariffs after India agrees to stop buying Russian oil

irishtimes.com

US President Trump announced a reduction in tariffs on Indian goods to 18 percent following India's agreement to cease Russian oil purchases. This move aims to ease trade tensions and is presented by Trump as a step towards ending the Ukraine war. India's confirmation of the reduced tariff was made via social media. The agreement follows previous attempts to curb India's Russian oil imports and comes as India seeks to boost its manufacturing sector, with the US being its largest export market.


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US reduces Indian tariffs after India agrees to stop buying Russian oil | News Minimalist