Trump's 'Friendly Decision': US to Refund India 40,000 Crore Rupees in Tariffs

• US President Donald Trump reverses stance, ending 25% penalty on India for Russian oil purchases.
• America to refund approximately 40,000 crore rupees collected as tariffs from Indian exporters.
• The 25% tariff penalty was imposed on August 27 last year due to India buying crude oil from Russia.
• Refunds will cover tariffs collected from August 27, 2025, to February 2026, as ordered by the Trump administration.
• The money will first go to American importers, who will then negotiate with Indian exporters on their share.