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Trump tariffs go up to 15%
Financial Express Delhi
|February 22, 2026
THE TARIFF REDUCTION comes just weeks after the US agreed to cut additional reciprocal tariff on India to 18% from 25%.
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The joint statement also removed the 25% punitive tariff imposed on India for purchasing Russian oil.
It also said India agreed to reduce or eliminate tariffs on all industrial goods and'a wide range of' agriculture and food items, and stop purchase of Russian oil.
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