MEMO: India Tariffs

February 9, 2026

Memo from Pegasus Shipping Inc. CHB:

Dear Customer,


Please note US Customs has updated their system to reflect the removal of the 25% India/Russian oil tariff, and this is effective for shipments that arrived on or after Feb 7th, 2026. However, the reduction from 25% IEEPA Reciprocal Tariff to 18% has NOT yet been implemented. The White House has just made an announcement regarding this tariff reduction to 18%, so US Customs will most likely have an update in the next day or 2.


https://www.whitehouse.gov/presidential-actions/20...
https://www.whitehouse.gov/fact-sheets/2026/02/fac...

If you have any questions in the meantime, feel free to contact us.


Contact Pegasus Shipping Inc. for additional information:
New York: (212) 768-4646 | Los Angeles: (818) 844-3510


Author
H. Yang
LCB

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