Trump Rolls Back 25% Tariff on India Over Russian Oil After Trade Deal

• US President Donald Trump announced the removal of an additional 25% tariff on Indian goods.
• The tariff was imposed last August in response to India’s purchases of Russian oil.
• India has pledged to end direct and indirect imports of Russian oil and committed to buying US energy products.
• The trade deal also includes a framework to expand defense cooperation over the next decade and tariff relief on aircraft.
• India plans to buy $500 billion worth of US goods over the next five years, including energy and defense products.