Trump Cuts India Tariffs in Deal He Links to Russian Oil (5)

President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil, easing months of tension between the two countries.

Following a phone call with Modi, Trump saidon social media that he would cut a US levy on Indian goods to 18% from 25%. The US President is also removing an extra punitive 25% duty applied in response to India’s purchases of crude from Russia, according to officials familiar with the matter.

India would “move forward to reduce their Tariffs and Non Tariff Barriers ...