On February 6, 2026, President Trump issued an executive order eliminating the additional 25 percent IEEPA “Russian oil” tariff on imports from India that had been imposed in response to India’s purchases of Russian oil. Section 232 tariffs on products such as steel, aluminum, and copper remain in place.
U.S. Customs and Border Protection has issued guidance encouraging importers to act quickly to obtain refunds of duties previously paid in connection with the additional 25% tariff on certain products of India tied to Russian oil. Effective 12:01 a.m. EST on February 7, 2026, HTSUS headings 9903.01.84 through 9903.01.89 were terminated, and entries made under these provisions on or after that time should be corrected as soon as possible. Importers may request refunds by filing a post summary correction for unliquidated entries or a protest for entries that have already liquidated, following CBP’s standard procedures.
The United States and India released a joint statement describing a framework for an Interim Agreement on trade between the two countries. According to that statement, the Interim Agreement is expected to include the following:
A reduction in reciprocal IEEPA tariffs (from 25 percent to 18 percent, subject to implementing measures).
Preferential treatment for certain Indian‑origin goods currently subject to section 232 tariffs, including specified auto parts, aircraft parts, and generic pharmaceuticals and ingredients.
Commitments by India to address non‑tariff barriers affecting U.S. medical devices and information‑technology goods.
Specific rules of origin.
Separate from the India developments, President Trump signed two Executive Orders that authorize additional tariffs in connection with trade involving Cuba and Iran.
Separate from the India developments, President Trump has issued two executive orders that authorize additional tariffs tied to trade with Cuba and Iran. The Cuba order establishes a process under which ad valorem duties may be imposed on imports from countries that directly or indirectly supply oil to Cuba, while the Iran order creates a similar process targeting imports from countries that directly or indirectly purchase, import, or otherwise acquire goods or services from Iran.
Neither the Cuba nor Iran Executive Order immediately imposes new tariffs; instead, each creates a process under which additional duties may be applied in the future. Tariffs would be imposed if the Secretary of Commerce, in consultation with other agencies, will identify covered countries and recommend tariff levels, after which the President may decide whether, and to what extent, to impose additional duties.