5Photo© indiatoday.inUS may rollback of 25% India tariffs after Russian oil cuts: Scott Bessent
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The United States may consider reducing the steep tariffs imposed on Indian imports, with a senior official in the Donald Trump-led administration indicating that India’s reduced purchase of Russian oil has achieved Washington’s policy objectives.
US Treasury Secretary Scott Bessent said India’s refinery-level purchases of Russian crude have “collapsed,” referring to the rationale behind the tariff hike imposed last year. Speaking to Politico, Bessent said the administration had imposed 25 per cent tariffs on India for buying Russian oil, which later translated into an effective 50 per cent duty on Indian imports in August 2025.
“We put 25% tariffs on India for buying Russian oil. And the Indian purchases, by their refineries, of Russian oil have collapsed. That is a success,” he said.
