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.
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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.