The Tariff Talk

[tsptalk]

India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report

India and the U.S. are close to reaching a trade deal, according to Indian media outlet Mint.

Washington may cut its tariffs on Indian exports to 15%-16% from the current 50%, the report said.

New Delhi may agree to gradually wind down its imports of Russian oil, it added.

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[Boghie]

India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report

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The Russkies ain't going to like that. Not at all...

India is/was their second largest buyer of energy products.