US President Donald Trump has scrapped a punitive tariff on India that he had introduced to indirectly weaken Russia's oil trade. According to an executive order signed by Trump on Friday, a 25%

President Donald Trump said that he'll announce reciprocal tariffs, including 25% on steel and aluminum imports amid trade disputes with Canada, Mexico and China.

In a post on Truth Social, Trump said the decision was taken out of friendship and respect for Prime Minister Modi and at his request.

US President Donald Trump announced a reduction in tariffs on Indian imports on Monday after saying that Indian Prime Minister Narendra Modi had agreed to stop buying oil from Russia in a post on his social media platform Truth Social.

German investment in China surpassed 7 billion euros in 2025, marking a significant increase amid declining exports to the US. This trend coincides with various Western leaders visiting China, indicating a shift towards strengthening business relations with Beijing.

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. View on euronews

President Trump announced that he and Indian Prime Minister Narendra Modi have agreed to a trade deal that will lower tariffs and halt India's purchase of Russian oil.

Sometimes there are real calculations behind its tariff rates. But those calculations don’t make sense to economists.

The reduced tariff has reportedly shocked people in Pakistan. There, critics have slammed high-profile leaders who failed to appease Washington despite numerous outreach efforts.