Trump signs executive order announcing removal of 25% penalty tariff on India for buying Russian oil

President Trump has eliminated a 25 percent tariff on Indian goods, previously imposed due to India's purchase of Russian oil. This decision follows a preliminary trade agreement where India committed to halt Russian oil imports and increase U.

Trump has removed the extra 25% tariff on Indian imports after India agreed to stop buying Russian oil and lower trade barriers, following a new US-India interim trade deal.

US president Donald Trump on Friday signed an executive order that formally removes punitive tariffs on Indian imports, cementing a high-stakes trade, energy, and security deal aimed at returning US–India ties to normalcy.

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