header logo
Latest
Trump signs executive order announcing removal of 25% penalty tariff on India for buying Russian oil
Feb 07, 202608:55 AM
Trump signs executive order announcing removal of 25% penalty tariff on India for buying Russian oil
Mobitel inner 1278

United States President Donald Trump signed an executive order on Friday (local time), announcing that he will remove 25% tariff on India. 

 

This comes just days after Trump announced that India and the US have struck a trade deal on Monday, which was later confirmed by Prime Minister Narendra Modi.

 

While announcing the trade deal through a post on Truth Social, Trump had claimed that India would stop purchasing Russian oil, which was a amjor point of contention between the two countries. However, PM Modi did not mention that in his post on X (formerly Twitter), which came just moments after.

 

The executive order signed by Trump reiterates his claim that India has “committed” to stop importing oil from Russia “directly or indirectly”. It added that India has also committed to purchase energy products from the United States.

 

“Specifically, India has committed to stop directly or indirectly importing Russian Federation oil, has represented that it will purchase United States energy products from the United States, and has recently committed to a framework with the United States to expand defense cooperation over the next 10 years,” the order reads.

 

It added that after receiving the information and recommendations from senior officials, the US President has “determined that India has taken significant steps to address the national emergency described in Executive Order 14066 and to align sufficiently with the United States on national security, foreign policy, and economic matters.”

 

Executive Order 14066 of March 8, 2022 is ‘Prohibiting Certain Imports and New Investments With Respect to Continued Russian Federation Efforts To Undermine the Sovereignty and Territorial Integrity of Ukraine’.

 

Trump added in his executive order that it will come into effect from Saturday, February 7, 2026.

 


Source: Hindustan Times
--Agencies 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Litro Gas prices reduced; Milk tea and plain tea prices slashed

Litro Gas prices reduced; Milk tea and plain tea prices slashed

Over 100,000 people affected by prolonged drought in Sri Lanka

Over 100,000 people affected by prolonged drought in Sri Lanka

“This isn’t something new; Namal was imprisoned before, and so was I”

“This isn’t something new; Namal was imprisoned before, and so was I”

 Deadline ends for written submissions in relation to 22nd Amendment petitions

Deadline ends for written submissions in relation to 22nd Amendment petitions

Energy Minister assures uninterrupted power supply despite coal shortage

Energy Minister assures uninterrupted power supply despite coal shortage

SJB stages protest in Colombo against proposed 22nd Amendment Bill

SJB stages protest in Colombo against proposed 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

 Sri Lanka approves US$1 million aid package for flood-hit Nepal

Sri Lanka approves US$1 million aid package for flood-hit Nepal

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

 Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

Lassana Flora