WASHINGTON, United States, Feb 7, 2026 (BSS/AFP) - US President Donald Trump moved Friday to lift an additional 25 percent tariff he imposed on goods from India over its purchases of Russian oil -- a step to implement a trade deal announced this week. "India has committed to stop directly or indirectly importing Russian Federation oil," according to an executive order Trump signed. The pact would also see Washington cutting so-called "reciprocal" levies on Indian products to 18 percent, down from a 25-percent level. The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year. The deal eases months of tensions over India's oil purchases, which Washington says fund a conflict it is trying to end.

Source: Bangladesh Sangbad Sangstha February 07, 2026 04:00 UTC