Indian petroleum product exports to US escape Donald Trump tariffs

The baseline of 10 per cent tariffs on all imports to the United States, and higher for many major trading partners, will not apply to crude oil, natural gas, and refined products, the White House said on Wednesday. 

This will save India’s oil and petroleum exports to the United States — valued at $5.8 billion in 2023–24 (FY24) — from being saddled with import duties. 

The US remains India’s largest export destination, with total outbound trade reaching $60 billion in the April–December period of FY25, accounting for 18.62 per cent of total exports. Read more

Source: Business Standard

To Top

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Abacus Legal Group (ALG) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ALG or any of its members to solicit any work through this website.