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In his government order, Trump repeated the declare that India would cease buying Russian oil and growing vitality purchases from US. The Customs and Border Safety doc said the additional 25% tariff obligation would not be relevant to India, adding that the reciprocal tariff will remain in place. The firm attributed the drop primarily to sharing a considerable portion of the US tariff burden with its key customers. In return, Bangladesh has dedicated to offering vital preferential market access to US industrial and agricultural products.

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Indian Oil Corp and Hindustan Petroleum Corp have collectively purchased 2 million barrels of Merey crude for supply in the second half of April, based on two trade sources conversant in the transaction. How the Kolkata Knight Riders gamers and coaches reacted after the group’s win in the final of IPL 2024 While there has been no specified timeline for it, once the interim framework is applied, the US can additionally be expected finish reciprocal tariffs on Indian items corresponding to medicines, gemstones and diamonds, and aircraft components.