Indian levies could be coming down to the 15%-16% range from the current 50% mark, according to a report from Indian news outlet Mint, as talks resume over India’s oil buys from Russia and other trade matters. Pres. Trump said Tuesday that the country would be cutting its Russian oil purchases, based on a phone call with Prime Minister Modi, a call that the PM confirmed on X the following day. India’s status as Russia’s second-largest oil destination behind China was the source of the additional Aug. levy of 25% on ... Log in to view full article.