US Removes 25% Tariff on India, 32% Tariff Disappears, Boosting Trade & Defense Ties

• US President Donald Trump signed an executive order removing the 25% tariff on India, reducing the overall tariff on Indian products from 50% to 18%.
• The order, effective February 7, aims to ease business for India in the American market and boost exports.
• India has committed to stop importing oil from Russia and will purchase energy products from the United States.
• The executive order also includes a framework for enhanced defense cooperation between India and the US for the next 10 years.
• This decision is seen as a significant diplomatic and economic boost for India, strengthening its strategic partnership with the US.