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ARTICLE · 27 OCTOBER 2025

Trump Tariff Tracker – October 23

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The United States' trade relations with India may be improving. Reports this week indicate that the U.S. and India are nearing a deal to cut the U.S.

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The United States' trade relations with India may be improving. Reports this week indicate that the U.S. and India are nearing a deal to cut the U.S. tariffs on India from 50% to 15-16%. The tariffs were raised on India in August based on U.S. government claims that India was purchasing oil from Russia, which was supporting Russia's war in Ukraine. This made the tariffs on India the highest on any country in Asia. On Tuesday, at the White House, President Trump said that he and Prime Minister Modi had spoken on the phone and agreed to reduce India's purchase of Russian oil. Prime Minister Modi acknowledged the call in a post on X but provided no details of the conversation.

On Friday, October 17, President Trump signed a Proclamation pursuant to Section 232 imposing tariffs on imports of medium- and heavy-duty trucks and parts, and buses. Imports of medium- and heavy-duty trucks and truck parts will face 25% tariffs. For medium- and heavy-duty trucks that qualify

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