Trade
Modifying Duties To Address Threats To The United States By The Government Of The Russian Federation
U.S. lifts 25% import tariff on Indian goods after India halts Russian oil imports.
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The move rewards India for aligning with U.S. sanctions on Russia and promises closer economic and defense ties, reducing trade barriers and strengthening the U.S.-India relationship.
What the order does
- Removes the 25% additional duty on Indian goods imposed due to India’s earlier Russian oil imports.
- Directs immediate tariff schedule updates and refunds duties collected since the prior order.
- Authorizes U.S. agencies to enact and monitor the order.
- Requires ongoing monitoring of India’s compliance, with a process to reimpose tariffs if India resumes Russian oil imports.
Who it affects
- Indian exporters sending goods to the United States.
- U.S. importers and businesses relying on Indian products.
- U.S. government agencies responsible for trade and customs enforcement.
Context
The tariff was first imposed due to India’s direct or indirect Russian oil purchases amid U.S. sanctions following Russia’s actions in Ukraine.