White House confirms it will drop additional 25% on Indian imports over Russian oil purchases
To a question whether the tariffs on Indian imports would be lifted in exchange for reducing Russian oil purchases, the White House said, "Yes, although the agreement is that India will cease, not just reduce, Russian oil purchases."
Washington: After the announcement of the India-US trade deal, when the US reduced the tariffs on India to 18 per cent, a White House official on Monday (local time) confirmed that Washington will also drop the additional 25 per cent tariff on Indian imports imposed due to New Delhi's purchase ofย Russian oil. The White House official noted that India has to…