U.S. cuts tariffs on Indian goods as India plans to halt Russian oil imports
Trump announces U.S.-India trade deal slashing tariffs to 18%, tied to cuts in Russian oil purchases
President Donald Trump said he has agreed to a trade deal with India that will cut U.S. tariffs on Indian goods to 18% from 50%, in exchange for New Delhi lowering trade barriers, curbing purchases of Russian oil and increasing energy buys from the United States — and potentially Venezuela.
In a social media post after a call with Indian Prime Minister Narendra Modi, Trump said the United States would reduce its “reciprocal”…