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National News

The Times of India

National / The Times of India

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Trump signs executive order lifting 25% punitive tariff on India over Russian oil

US President Donald Trump has revoked the additional 25% tariff on Indian imports, previously imposed due to New Delhi's Russian oil purchases. This decision follows a recent trade deal where India agreed to reduce these imports. The move aims to ease trade tensions and comes as India has already begun scaling back its Russian oil acquisitions.

7 Feb 2026 4:37 am