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Trump removes penalty tariff imposed on India over Russia oil purchase
short by Ankush Verma / on Tuesday, 3 February, 2026
The total tariff on India will now be 18%, US Ambassador to India Sergio Gor confirmed. US President Donald Trump had last year imposed a 25% reciprocal tariff on India and an additional 25% as penalty over India's purchase of Russian oil. Trump has removed the 25% penalty tariff apart from lowering the reciprocal tariff from 25% to 18%.
read more at NDTV