Trump Drops Punitive Tariff on India Over Russian Oil Purchases

Trump Drops Punitive Tariff on India Over Russian Oil Purchases

U.S. President Donald Trump and Indian Prime Minister Narendra Modi embrace after giving a joint statement in New Delhi, India, on Feb. 25, 2020. Manish Swarup/AP Photo

President Donald Trump removed a 25 percent punitive tariff on all imports from India over its purchases of Russian oil, the White House announced Friday.

“The Interim Agreement between the United States and India will represent a historic milestone in our countries’ partnership, demonstrating a common commitment to reciprocal and balanced trade based on mutual interests and concrete outcomes,” the two countries said in a joint statement.

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Original News Source Link – Epoch Times

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