{"id":55817,"date":"2026-02-05T15:20:50","date_gmt":"2026-02-05T14:20:50","guid":{"rendered":"https:\/\/maritimefinance.eu\/?p=55817"},"modified":"2026-02-06T09:38:07","modified_gmt":"2026-02-06T08:38:07","slug":"trump-cuts-india-tariffs-to-further-halt-russian-oil","status":"publish","type":"post","link":"http:\/\/maritimefinance.eu\/da\/trump-cuts-india-tariffs-to-further-halt-russian-oil\/","title":{"rendered":"Trump cuts India tariffs to further halt Russian oil"},"content":{"rendered":"
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Deal could impact global trade flows and tanker demand<\/h4>

President Donald Trump and Indian prime minister Narendra Modi announced a new trade agreement that sharply reduces US tariffs on Indian goods to 18% from much higher levels, while scrapping extra duties linked to India\u2019s previous purchases of Russian oil. In return, India is said to boost imports of US goods, including petroleum, aircraft, defence equipment, and pharmaceuticals, with a target of around $500 billion over several years. The pact comes after months of tension that saw tariffs and disputes strain relations, as Trump viewed India\u2019s purchases of Russian crude a means of financing Russia\u2019s war against Ukraine.<\/p>

Strategically, the deal is meant to reset fractured ties between the two major democracies and signal closer cooperation in trade and supply chains. If India follows through on shifting some of its oil purchases from Russia toward the United States and other sources, this could alter global crude flows on tanker routes by redirecting volumes that had been bound for India from the Black Sea and Russia\u2019s Far East toward new suppliers and loading points, with effects on freight patterns and tanker demand.<\/p><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Sources: <\/em>Bloomberg & Reuters<\/i><\/p><\/div>

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Deal could impact global trade flows and tanker demand President Donald Trump and Indian prime minister Narendra Modi announced a new trade agreement that sharply reduces US tariffs on Indian goods to 18% from much higher levels, while scrapping extra duties linked to India\u2019s previous purchases of Russian oil. 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