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Eurasia
08/02/2026 16:46
The action was detailed in an order signed on Friday by U.S. President Donald Trump, under which the 25 percent tariff imposed last August will no longer have to be paid starting Saturday, as India has addressed the underlying reasons for it.
According to the explanation, India committed to ending direct and indirect imports of crude oil from Russian sources, agreed to procure energy supplies from the United States in the future, and extended its defense cooperation with the United States for another 10 years.
The White House also announced on Friday that the United States and India have finalized their transitional trade agreement. The statement shows that under the agreement, the United States will reduce the tariff on products from India from 25 percent to 18 percent, and will apply a separate preferential tariff for the import of certain vehicle parts.
As part of the agreement, India has undertaken to gradually eliminate or reduce tariffs on all American industrial goods, and has agreed to duty-free access or lower duties on a wide range of U.S. foods and agricultural products.
