Overview
- President Donald Trump revoked the additional 25% duties on Indian imports effective early Saturday, reversing tariffs imposed last August.
- The White House decree says India committed to stop direct and indirect imports of Russian oil and to increase purchases of U.S. energy.
- Prime Minister Narendra Modi praised the deal but did not confirm an oil halt, and the Kremlin said it has received no such notification from New Delhi.
- The preliminary framework includes cutting certain reciprocal U.S. tariffs on Indian goods to 18%, removing some levies on aircraft and parts, and an Indian intent to buy up to $500 billion in U.S. goods over five years.
- Both governments flagged expanded cooperation in the defense sector, with a formal trade signing expected in the weeks ahead.