Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil
Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods
Levies will drop from 50% to 18% as US president claims New Delhi will buy more than $500bn of American goods

Trump to slash US tariffs on India from 50 percent to 18 percent

US agrees to drop tariffs after India stops Russian oil purchases

Trump cuts India tariffs as Modi ‘agrees’ to stop buying Russian oil

US to cut tariffs on India to 18% as Delhi agrees to end Russian oil purchases

Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August

New Delhi describes threat as ‘unjustified and unreasonable’

Additional levies over Russian oil purchases raise rates on New Delhi to among the highest in the world

New Delhi makes overtures to Moscow amid stalemate with Washington over Russian oil purchases

Narendra Modi under pressure over cheap crude imports as he seeks to limit economic damage from US

If New Delhi reduced its purchases to zero, oil prices and inflation would jump