America has removed a 25% tariff on Indian goods. This follows India's promise to stop buying Russian oil. President Trump announced the tariff reduction after speaking with Prime Minister Modi. India will now buy oil from Venezuela and the United States instead.

Tariffs are among the defining policies of President Donald Trump’s second term. CNN is tracking their impact on the US economy and American consumers.

Several large American manufacturers are thriving despite the threat of higher costs. Smaller ones are struggling.

President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.

The president says the move is in response to Canada delaying certification of U.S.-made Gulfstream jets.