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Path open to lift 25% tariff: US
The Morning Standard
|January 25, 2026
Russian oil import down, Treasury Secretary Scott Bessent sees possibility of easing levy
A ccouple of booster shots have arrived just before the Union Budget, which could possibly lift the sentiments of the Indian economy further.
Even as the country is all set to sign a free trade deal with the European Union, which both sides see as the ‘mother of all deals’, the US hinted at a diplomatic path to lift the 25% additional import duty it levied on Indian goods after a “marked decline in India’s imports of Russian oil in recent months”.
This story is from the January 25, 2026 edition of The Morning Standard.
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