https://www.taxtmi.com/news?id=70866 An interim trade framework establishes reciprocal commitments: the US agreed to remove a punitive 25 per cent tariff on Indian imports in recognition of India's commitment to reduce Russian oil purchases; India has begun winding down Russian energy purchases and increasing American and other energy imports. India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while also moving down digital services taxes and other tariffs. en-us Tue, 10 Feb 2026 23:01:04 +0530 Tue, 10 Feb 2026 23:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70866 An interim trade framework establishes reciprocal commitments: the US agreed to remove a punitive 25 per cent tariff on Indian imports in recognition of India's commitment to reduce Russian oil purchases; India has begun winding down Russian energy purchases and increasing American and other energy imports. India will eliminate or reduce tariffs on all US industrial goods and a wide range of US food and agricultural products, while also moving down digital services taxes and other tariffs. News - Tue, 10 Feb 2026 23:01:04 +0530 https://www.taxtmi.com/news?id=70866