Trump lifts 25% tariff on Indian goods amid oil import pledge
after close1 source ↓written by the desknot a recommendation
- on Indian goods
- 25% tariff
- Indian goods effective
- 7 Feb 2023
U.S. President Donald Trump has canceled a 25% tariff on Indian goods effective 7 Feb 2023, following India's commitment to reduce Russian oil imports. This decision aims to strengthen U.S.-India relations, particularly in energy and defense sectors. The U.S. will also lower its own reciprocal tariffs, enhancing trade opportunities. 📈
Not investment advice. For informational purposes only.