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The Economic Times

Opinion / The Economic Times

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India-US tariff deal is a 'humiliating' cave-in: Swaminathan Aiyar

The India-US tariff deal has been widely criticised as a coerced compromise. While US tariffs on Indian goods have been cut from 50% to 18%, the reduction is largely a rollback of Trump-era economic pressure, not a generous offer. Indias government claims it has diversified oil supplies, but critics say being forced to abandon cheaper Russian crude for costlier US oil under threat of tariffs is submission, not diversification.

10 Feb 2026 11:28 pm