Foreign media: Bessant hints that US-India tariffs may be eased.
TL;DR
U.S. Treasury Secretary Matt Bessen hinted at Davos that the U.S. may remove tariffs on India if India shifts energy sources, noting the tariffs have reduced India's Russian oil purchases and benefited the U.S. economy.
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According to Politico, U.S. Treasury Secretary Matt Bessen hinted in Davos on Odaily that the U.S. might remove the additional tariffs imposed on India, which have led to a significant drop in India's purchases of Russian oil, calling it a "huge success." Bessen told Politico that Indian refineries' purchases of Russian oil have "collapsed" due to the U.S. tariffs. He suggested that while the tariffs are currently in effect, there is a diplomatic "pathway" to their removal if India shifts its energy sources, and asserted that these trade measures have brought substantial benefits to the U.S. economy.