https://www.taxtmi.com/news?id=70433 The interim India US framework commits India to cease direct or indirect imports of Russian oil under penalty of a reinstated 25% tariff if non compliance is found, and provides for reciprocal tariff reductions: India will eliminate or reduce duties on a broad set of US industrial and agricultural goods while US duties on certain Indian goods will fall to 18%, with prompt implementation intended and further negotiation toward a Bilateral Trade Agreement. en-us Sat, 07 Feb 2026 13:46:05 +0530 Sat, 07 Feb 2026 13:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70433 The interim India US framework commits India to cease direct or indirect imports of Russian oil under penalty of a reinstated 25% tariff if non compliance is found, and provides for reciprocal tariff reductions: India will eliminate or reduce duties on a broad set of US industrial and agricultural goods while US duties on certain Indian goods will fall to 18%, with prompt implementation intended and further negotiation toward a Bilateral Trade Agreement. News - Sat, 07 Feb 2026 13:46:05 +0530 https://www.taxtmi.com/news?id=70433