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Trump signs executive order lifting 25% tariff penalty on India over Russian oil imports

US President Donald Trump has revoked the additional 25% tariff on Indian imports, previously imposed due to New Delhi's Russian oil purchases. This decision follows a recent trade deal where India agreed to reduce these imports. The move aims to ease trade tensions and comes as India has already begun scaling back its Russian oil acquisitions.

source https://timesofindia.indiatimes.com/business/india-business/trump-signs-executive-order-lifting-25-punitive-tariff-on-india-over-russian-oil/articleshow/128013146.cms

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