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Major tariff cut for India, says Trump, as trade deal nears
Mint Hyderabad
|November 12, 2025
US president Donald Trump said tariffs on India will be lowered “very substantially”, signalling an easing of tensions over New Delhi's Russian oil purchases as the two countries near a trade deal.
Mint first reported on 22 September that US tariffs on India may be reduced to 15-16% from a steep 50%, and that a deal is likely to be announced in November. Speaking to reporters at the White House on Monday (US time), Trump said the US is “getting close” to reaching a trade agreement with India, and that tariffs will be reduced “at some point”.
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