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Trump says will cut India tariff, trade deal close
Hindustan Times Navi Mumbai
|November 12, 2025
US President Donald Trump indicated on Tuesday that his administration could soon reduce the overall 50% tariff rate facing Indian exports, citing substantial reductions in India’s purchases of Russian oil that has been a significant irritant for Washington.
“Well, right now, the tariffs are very high on India because of the Russian oil, and they've stopped doing the Russian oil. It’s been reduced very substantially. Yeah, we're going to be bringing the tariffs down,” Trump said at the White House just after attending the swearing-in ceremony of US Ambassador to India, Sergio Gor.
Trump added that India and the US were close to a “fair trade deal.”
Esta historia es de la edición November 12, 2025 de Hindustan Times Navi Mumbai.
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