Trump says he plans to lower tariffs on India to 18% after India agreed to stop buying Russian oil
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President Donald Trump announced plans to reduce tariffs on Indian goods to 18%, down from 25%, following an agreement with Indian Prime Minister Narendra Modi for India to cease purchasing Russian oil. This decision follows months of pressure from Trump for India to decrease its dependence on discounted Russian crude oil, which it had been acquiring since Russia's invasion of Ukraine in February 2022. Trump stated that India would also reduce import taxes on U.S. goods to zero and purchase $500 billion worth of American products. Trump believes this agreement will help end the war in Ukraine, while Modi expressed delight and emphasized Trump's leadership for global peace and stability.
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