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President Donald Trump has removed an additional 25% tariff on Indian goods following India’s agreement to reduce its reliance on Russian oil and deepen trade and defense relations with the United States.  The move is a significant first step toward implementing a new trade deal announced earlier this week following a phone call between Trump and Indian Prime Minister Narendra Modi.  The White House confirmed the removal of the tariff in an executive order in which Trump stated the country had committed to not directly or indirectly importing oil from Russia. India has also agreed to purchase additional energy products from the United States and develop defense cooperation over the next decade.  The extra 25% duty had been imposed in response to US pressure on India to curb bulk imports of Russian crude. With its removal, the overall tariff on Indian goods will drop to about 18%. The revised tariffs were announced on February 7 and officially took effect at 12:01 a.m. Washington time. This decision is a “major relief” for India, which had been confronted with tariffs of up to 50 percent on several exports since last summer — the highest level charged on any major Asian trading partner. Trump noted that India’s willingness to reduce Russian oil imports had helped him lower the tariffs.  India agrees to major purchases of US goods and energy In return for lower tariffs, India will increase imports of American goods, with total purchases forecast at around $500 billion over the next five years. Some are going to buy US oil and gas, aircraft and aircraft parts, technology products, precious metals, and coking coal. India would also eliminate or scale back trade barriers on American goods, including agricultural products, chemicals, medical devices, and manufactured items.  US Trade Representative Jamieson Greer said the agreement…

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Filed under: News - @ February 7, 2026 12:16 am