India-U.S. India Dumps Russian Oil: US Tariffs Plunge to 18%
Edited By WION Video Desk
Published: Feb 07, 2026, 09:06 IST | Updated: Feb 07, 2026, 09:06 IST
India and the US have struck an interim trade pact where New Delhi halts Russian oil imports in exchange for Washington slashing punitive tariffs from 50% to 18% overall, with the extra 25% levy lifted immediately via executive order.
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