US Reduces Tariffs on Indian Goods: From 50% to 18%, Ambassador Sergio Gore Confirms
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News18•02-02-2026, 23:22
US Reduces Tariffs on Indian Goods: From 50% to 18%, Ambassador Sergio Gore Confirms
- •The US has reduced tariffs on Indian products to 18%, clarifying previous confusion over the exact percentage.
- •US Ambassador Sergio Gore confirmed that the tariff was reduced from 50% to 18%, not 25% as initially stated by President Trump.
- •Tariffs imposed due to India's purchase of Russian oil have been completely eliminated.
- •Prime Minister Modi expressed gratitude to President Trump for the tariff reduction on Made in India products.
- •President Trump stated that India agreed to stop buying Russian oil and increase purchases from the US, leading to the tariff reduction.
Why It Matters: US confirms significant tariff reduction on Indian goods, from 50% to 18%, eliminating Russian oil-related tariffs.
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