Trump to lower tariffs on goods from India to 18%

President Trump plans to lower tariffs on India after India agreed to stop buying Russian oil. The president said he would lower tariffs on goods from India to 18 percent from 25 percent after India’s prime minister announced his country would stop buying oil from Russia. Donald Trump has been pressing India to cut its reliance on cheap Russian crude, and wrote online that “this will help end the war in Ukraine.” The president said that India would also start to reduce its import taxes on U.S. goods to zero and buy 500 billion dollars worth of American products.