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US President Donald Trump has announced a reduction in tariffs on goods imported from India. The tariff rate, which was earlier set at 25 percent, has now been lowered to 18 percent.
Additional 25% Tariff to Be Removed
A senior White House official has confirmed that the United States will also remove the additional 25 percent tariff imposed on Indian imports. This decision was taken after India agreed to change its policy on purchasing Russian oil.
India to Completely Stop Buying Russian Oil
Under the agreement, India will not just reduce but completely stop buying crude oil from Russia. Instead, India will increase oil imports from the United States and Venezuela. According to US officials, this move will strengthen trade balance and energy cooperation between the two countries.
Trump-Modi Discussion on Trade and Global Issues
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President Trump shared on Truth Social that he spoke with Indian Prime Minister Narendra Modi. The leaders discussed trade relations, global issues, and efforts to end the Russia-Ukraine conflict. Trump described PM Modi as a close friend and a respected global leader.
Prime Minister Modi Welcomes the Decision
Following the announcement, Prime Minister Narendra Modi welcomed the tariff reduction. In a social media post, he said the lower tariff on “Made in India” products is a positive development and thanked President Trump for the decision.
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Boost for India-US Trade Relations
Experts believe that the tariff cut will benefit Indian exporters and further strengthen India-US trade ties. The agreement is also expected to bring long-term changes to India’s energy import strategy.
