New Delhi: US President Donald Trump has been making headlines lately. Another significant statement has come from the US. US Treasury Secretary Steven Mnuchin has made a major statement regarding the reduction of the 50 per cent tariffs imposed by President Donald Trump.
The Treasury Secretary indicated that the US administration, led by President Donald Trump, may consider withdrawing the 50 per cent tariffs imposed on India. This would be considered a major relief for Indian businesses. The reason cited for this is the decline in India’s crude oil purchases from Russia in recent months.