Trump agrees to lower tariffs on India after Modi agrees to stop buying Russian oil
President Donald Trump announced Monday that he will lower tariffs on goods from India from 25% to 18% after speaking with Indian Prime Minister Narendra Modi. Trump said Modi agreed to stop buying Russian oil and it comes after months of the president pushing the country to end the use of the cheap Russian oil. "It was an Honor to speak with Prime Minister Modi, of India, this morning. He is one of my greatest friends and, a Powerful and Respected Leader of his Country. We spoke about many things, including Trade, and ending the War with Russia and Ukraine. He agreed to stop buying Russian Oil, and to buy much more from the United States and, potentially, Venezuela," Trump wrote on TRUTH Social. "This will help END THE WAR in Ukraine, which is taking place right now, with thousands of people dying each and every week! Out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO." The president said India would also begin to reduce its import taxes on U.S. goods to zero, while also purchasing $500 billion in American-made products. In the past, India's relationship with Russia revolved around defense rather than energy, with Russia providing a majority of its military hardware and only a small fraction of oil. "The Prime Minister also committed to “BUY AMERICAN,” at a much higher level, in addition to over $500 BILLION DOLLARS of U.S. Energy, Technology, Agricultural, Coal, and many other products. Our amazing relationship with India will be even stronger going forward. Prime Minister Modi and I are two people that GET THINGS DONE, something that cannot be said for most. Thank you for your attention to this matter!" Trump wrote. READ MORE: https://13wham.com/news/nation-world/... _______________ Stay up to date with our social media: 13 WHAM on Facebook: / 13wham 13 WHAM on Twitter: / 13wham 13WHAM on Instagram: https://www.instagram.com/13whamtv/?h... 13WHAM on TikTok: https://www.tiktok.com/@13wham?lang=en 13 WHAM Daily Local News Digest: • 13WHAM Local News Digest For more information, visit https://13wham.com/ Have a news tip? Send it directly to us: Email us: [email protected] Call the Newsroom: (585) 334-8700 WHAM is a NY based station and a ABC Television affiliate owned and operated by Deerfield Media, Inc and receives certain services from an affiliation of Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. #13WHAM #News #Rochester #NewYork
