Trump cuts tariffs on India
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America has removed a 25% tariff on Indian goods. This follows India's promise to stop buying Russian oil. President Trump announced the tariff reduction after speaking with Prime Minister Modi. India will now buy oil from Venezuela and the United States instead.
Tariffs are among the defining policies of President Donald Trump’s second term. CNN is tracking their impact on the US economy and American consumers.
Trump already has the ability to impose replacement tariffs to make up nearly three-quarters of the tax revenue the Supreme Court may strike down as illegal.
Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.
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Himachal apple growers to protest 'zero import tariff' on US apples
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The president says the move is in response to Canada delaying certification of U.S.-made Gulfstream jets.
The notification substitutes tariff value tables under the Customs Act for key commodities. It reaffirms existing tariff values and provides clarity on valuation benchmarks effective 4 February