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- The two sides recently announced a framework aimed at decreasing tariffs and strengthening economic ties, with a goal to finalise the agreement by March.
- Keep knowledgeable with the most recent maritime and offshore news, delivered straight to your inbox
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President Donald Trump rescinded 25% tariffs on Indian goods that had been imposed over Russian oil purchases, stating that New Delhi had “committed to cease immediately or indirectly” importing Russian oil. The two sides just lately announced a framework geared toward lowering tariffs and strengthening economic ties, with a target to finalise the settlement by March. This comes after US President Trump and Prime Minister Narendra Modi announced that India and the US had agreed on a trade deal that might see tariffs on India decreased from 50% to 18%. Days after the India and the Usa introduced a ‘historic’ commerce deal, the US Customs and Border Protection on Tuesday notified the elimination of 25 per cent further tariffs on Indian goods. Underneath the lately introduced US–India trade deal, Washington reduced reciprocal tariffs on Indian textile exports to 18 per cent from the earlier 50 per cent. Stay knowledgeable with the newest maritime and offshore news, delivered straight to your inbox
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