New Delhi: Will the US bring down tariffs imposed on India anytime soon?

US president Donald Trump has indicated that it will. ADVERTISEMENT

He announced on Tuesday that tariffs would be “brought down” when asked about the ongoing trade negotiations with India. While noting that India faces such high tariffs because of its oil trade with Russia, Trump said that New Delhi has “stopped” the purchase.

Trump initially imposed 25% tariffs on Indian exports to the US. Within days, he announced an additional 25% penalty for India’s insistence on purchasing cheap crude from Russia. Washington had claimed that such purchase is paying for Russia’s war against Ukraine.

On Tuesday, Trump said the US is planning on bringing the tariffs down at some point. He also said that the country is getting c

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