US Signals Possible Rollback Of India Tariffs
The United States has signalled that it may consider rolling back an additional 25% tariff imposed on Indian imports, particularly the punitive levy linked to India’s earlier purchases of Russian crude oil. The tariff was introduced as part of broader trade tensions but recent shifts in India’s energy sourcing have prompted US officials to suggest a review.
Comments From US Treasury
US Treasury Secretary Scott Bessent said that Indian purchases of discounted Russian oil have “collapsed,” and that this development could open a diplomatic “path” to easing or removing the 25% levy. He stressed that the tariffs remain in place for now, but indicated that changing trade patterns justify reconsideration.
Impact On India-US Trade Ties
Economists say a rollback could ease pressure on Indian exporters and improve bilateral trade sentiment. Indian businesses, especially those in export-oriented sectors, have faced higher duties amid the trade dispute. Both countries are also engaged in broader negotiations on trade and economic cooperation, which may influence future tariff decisions.
