U.S. rescinds 25% punitive tariffs on Indian goods
Change
U.S. President Donald Trump rescinded the 25% punitive tariffs on Indian goods by executive order issued February 7, 2026.
Why it matters
The executive order rescinded punitive tariffs that had been imposed in August 2025. The order was issued alongside a joint statement on an interim trade agreement framework. The President stated that India committed to stop buying Russian oil and that the tariffs would return if India resumed imports from Russia. India’s crude imports from Russia fell to 25% of its total in December 2025, down from 40% in 2024, while imports from the U.S. grew about 31% compared with December 2024.
Implications
- • U.S. customs will not apply the additional 25% duty to affected Indian-origin goods under the executive order.
- • Tariff reinstatement can be triggered by India resuming imports of Russian crude, per the President's statement.
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