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The Economic Times

Economy / The Economic Times

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500%, 100%, then a waiver: How India escaped Trump's Russia tariff threat

In the beginning it was 500%, then it came down to 100% and then, a waiver. This is how the tariff threat has evolved from an ambitious proposal into a more flexible instrument of policy for Trump and US. For India, the immediate danger has receded. But with US retaining the power to reinstate the measures, the waiver offers relief rather than a lasting resolution.

17 Oct 2026 1:13 pm