President Donald Trump eliminated the extra 25% tariff he had imposed on Indian goods over the country’s purchases of Russian oil, the first step to cement the terms of a trade deal the two nations announced earlier this week.

US President Donald Trump scrapped a punitive tariff on India that he had introduced to indirectly weaken Russia's oil trade, as India agreed to buy US goods worth $500 billion. The US and India published the framework for a preliminary trade agreement that provides for a reduction in additional US import duties on Indian goods from 25% to 18%.

US Tariff Changes on Indian Imports On Friday, President Donald Trump announced the removal of a 25% punitive tariff on Indian imports linked to India's acquisition of Russian oil. This adjustment lowers the overall US tariff on Indian goods to 18%.

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.

United States President Donald Trump signed an executive order on Friday (local time), announcing that he will remove 25% tariff on India. This comes just days after Trump announced that India and the US have struck a trade deal on Monday,

The United States and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.