US-India Trade Relations Show Signs of Thaw as Trump Announces Tariff Reductions
President Donald TRUMP signaled a potential easing of trade tensions between the US and India, confirming plans to cut existing tariffs by approximately 50%. The announcement follows months of strained relations linked to India's imports of Russian crude oil during the Ukraine conflict.
Speaking at the WHITE House, Trump noted India's reduced reliance on Russian oil as a key factor in the decision. "We are going to be bringing the tariffs down," he stated, suggesting both nations are nearing a "fair deal" that would mark a departure from previous agreements.
The current 50% tariff rate on Indian goods had been doubled earlier this year as part of US efforts to limit Moscow's energy revenue. While New Delhi hasn't officially confirmed the developments, the remarks indicate renewed diplomatic momentum between the world's largest democracies.
