18-February-2026
Economy News
 
US may bring down reciprocal tariffs this week: Commerce Secretary
17-Feb-2026

The US is expected to bring down reciprocal tariffs on India to 18% from 25% this week and chief negotiator from the Indian side will travel to US next week to finalise the legal text of the interim, commerce secretary Rajesh Agrawal said Monday. As part of the trade deal the US has announced reducing additional tariffs on Indian imports to 18% from 50%. Of the 50% tariffs, 25% that was imposed on India for buying crude oil from Russia has already been removed. The remaining 25% tariffs are for balancing the trade between the two countries.

News Source:- https://www.financialexpress.com/policy/economy/us-may-bring-down-reciprocal-tariffs-this-week-commerce-secretary/4145211/