Trump cancels 25% tariff on Indian goods
pre-market1 source ↓written by the desknot a recommendation
- on Indian goods
- 25% tariff
- Indian goods effective
- 7 Feb 2023
U.S. President Donald Trump lifted a 25% tariff on Indian goods effective 7 Feb 2023, following India's commitment to reduce Russian oil imports. This decision aims to enhance U.S.-India energy cooperation and defense ties. The tariff was initially imposed to pressure Russia amid the ongoing conflict in Ukraine.
This move may boost trade relations and positively impact Indian exporters, particularly in sectors reliant on U.S. markets.
Not investment advice. For informational purposes only.