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US Dropping 25% Separate Tariff on Indian Imports After Pledge to Cut Russian Oil, White House Says

Business & Policy
February 3, 2026

(Reuters) – The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White House official said on Monday.

“We are also dropping the 25% tariff given India’s agreement to stop buying Russian oil,” the official said. U.S. President Donald Trump announced the changes in a Truth Social post following a call with Indian Prime Minister Narendra Modi, but did not explicitly address the 25% tariff he imposed in August to pressure New Delhi to stop buying Russian oil.

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Reporting by Andrea Shalal