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US hints 'path' to scrap 25% levy on India over Russia oil
Hindustan Times Gurugram
|January 25, 2026
US treasury secretary Scott Bessent said on Saturday there is a “path” to remove the 25% tariffs imposed on India as a penalty for buying Russian oil, noting that such purchases by Delhi from Moscow have “collapsed”.
The levy is part of a 50% tariff that goods imported from India are subject to in the US, though a large number of goods, including electronics, are exempt from this duty. Of this, the remaining 25% is on account of what Washington calls “reciprocal” measures, in response to Indian levies on American products.
Bessent on Friday defined the punitive sanctions imposed on India as a “success”.
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