Davos, Jan. 24 -- US Treasury Secretary Scott Bessent, a close aide of American President Donald Trump, has dropped hints that Washington may remove the additional 25% tariff slapped on India, saying New Delhi's purchases of Russian oil have significantly gone down because of the increased tariff.
Bessent, in an interview to Politico on the sidelines of the World Economic Forum annual meeting, called the levying of the additional tariff on India a "huge success."Bessent claimed the purchase of Russian oil by the Indian refineries has "collapsed"as a result of the steep US tariff.
"We put a 25 per cent tariff on India for buying Russian oil, and the Indian purchases by their refineries of Russian oil have collapsed. So that is a success. T...