Trump to lower tariffs on India after Modi agrees to stop buying Russian oil
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Euronews.com
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President Trump plans to lower tariffs on Indian goods from 25% to 18% after Prime Minister Modi agreed to stop purchasing Russian oil. This decision follows months of pressure from Trump to reduce India's reliance on Russian crude. Modi expressed delight over the tariff reduction, emphasizing the importance of Trump's leadership for global peace. The announcement coincides with ongoing discussions aimed at resolving the Ukraine war, with Trump believing that targeting Russia's oil revenue is key. India's relationship with Russia has been primarily defense-oriented, but it has recently increased oil purchases from Russia amid the conflict. The tariff reduction aligns with India's recent free trade agreement with the EU. Teljes cikk (Euronews.com)