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.

https://www.cnbc.com/2025/10/22/india-us-trade-tariff-cuts-reduced-russian-oil-purchases.html

 

[Boghie]

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

https://www.cnbc.com/2025/10/22/india-us-trade-tariff-cuts-reduced-russian-oil-purchases.html

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

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