President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office on Feb. 13, 2025. Andrew Harnik/Getty ImagesPresident Donald Trump removed a 25 percent punitive tariff on all imports from India over its purchases of Russian oil, the White House announced Friday.“The Interim Agreement between the United States and India will represent a historic milestone in our countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes,” the two countries said in a joint statement.
US Unveils Interim Trade Framework With India, Drops Punitive Tariff
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