Trump promises India tariff cuts — explains the key reason

US President Donald Trump announced that the United States is ready to reduce tariffs for India, expressing satisfaction that India has significantly reduced its Russian oil imports.

The politician made this concession during the accreditation ceremony of India’s newly appointed ambassador to the United States.

Trump’s statement on India and Russian oil imports

When asked by reporters at the White House if he was willing to reduce tariffs for New Delhi, Trump explained that the high tariffs had been linked specifically to energy purchases from Russia.

"Now the tariffs for India are very high because of Russian oil, and they have stopped importing Russian oil. They have significantly reduced (purchases - ed.). Yes, we are going to lower the tariffs," Trump said.

When asked to specify the reduction, the US president responded that it would happen "at some point."

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