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US hints at scrapping 25% Russia oil tariff
Financial Express Bengaluru
|January 25, 2026
WITH THE 25% oil-related tariffs and another 25% for addressing trade deficit, India has the highest tariffs amongst all US trade partners.
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This is pressuring Indian exporters in some key sectors, even though overall exports to the US are still higher than last year.
This story is from the January 25, 2026 edition of Financial Express Bengaluru.
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