US Signals Possible Rollback Of 25% Tariffs On India

The United States may reconsider its punitive tariffs on Indian imports, imposed in 2025 due to India’s continued purchase of Russian oil. Treasury Secretary Scott Bessent, addressing global leaders at Davos, described the 25 percent tariff as a “success,” pointing out that India’s refiners have significantly cut down on Russian crude purchases in recent months.  

While the tariffs remain in place, Bessent emphasized that the reduction in imports opens the door for potential rollback. He acknowledged that the duties were initially intended to discourage India’s energy ties with Russia but now sees scope for recalibration as trade negotiations progress.  

Key Highlights  

• US imposed 25 percent tariffs on India in 2025 over Russian oil imports  
• Scott Bessent calls the measure a “success” as India’s Russian oil purchases collapsed  
• Treasury Secretary hints at a possible rollback of tariffs during Davos discussions  
• Tariffs remain in place but a path exists to remove them  
• Move could ease trade tensions and strengthen US-India economic ties  

Future Outlook  
If the rollback materializes, it could mark a significant step in stabilizing US-India trade relations, reinforcing cooperation amid global geopolitical shifts. The decision will depend on continued monitoring of India’s energy imports and broader negotiations between Washington and New Delhi.  

Sources: Business Today, India Today, Reuters, ET Now