US Imposes Additional 25 Per Cent Tariff on India, New Delhi Calls Move Unfair
WASHINGTON, Aug 7 (Bernama-Anadolu) -- United States (US) President Donald Trump on Wednesday signed an executive order imposing an additional 25 per cent tariff on India in response to its continued purchase of Russian oil, Anadolu Ajansi (AA) quoted the White House.
"To deal with the national emergency described in Executive Order 14066, I determine that it is necessary and appropriate to impose an additional ad valorem duty on imports of articles of India, which is directly or indirectly importing Russian Federation oil," the order stated.
The tariffs will take effect 21 days from the date of the order.
bootstrap slideshow
It directs Commerce Secretary Howard Lutnick, in coordination with Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, to determine whether any other country is 'directly or indirectly' importing Russian oil.
"If the Secretary of Commerce finds that a country is directly or indirectly importing Russian Federation oil, he, consulting with other officials, shall recommend whether and to what extent I should take action as to that country, including whether I should impose an additional ad valorem rate of duty of 25 per cent on imports of articles of that country," it said.
Trump said Tuesday the US would 'make that determination' about sanctions on countries purchasing Russian oil after talks between US special envoy Steve Witkoff and Russian officials in Moscow.
He accused New Delhi of profiting from the resale of Russian oil.
In response to the executive order, India described the move as 'extremely unfortunate,' noting that several other countries were taking similar actions in their own national interest.
The actions are 'unfair, unjustified and unreasonable,' the Foreign Ministry said, adding that New Delhi would take 'all actions necessary' to protect its national interests.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
24 minutes ago
- New Straits Times
King observes Russian drone technology at Tochka Kipeniya
MOSCOW: His Majesty Sultan Ibrahim, King of Malaysia, today visited Tochka Kipeniya, a technology and innovation centre in Moscow, as part of his state visit to Russia. Upon arrival, His Majesty was received by Dimitry Peskov, adviser to the President of the Russian Federation, and Alexey Ponomarev, senior vice-president of the Skolkovo Institute of Science and Technology (Skoltech). Accompanying the King were Defence Minister Datuk Seri Mohamed Khaled Nordin, who is minister-in-attendance, Foreign Ministry secretary-general Datuk Seri Amran Mohamed Zin, and Malaysian ambassador to Russia Datuk Cheong Loon Lai. During the hour-long visit, Sultan Ibrahim toured an exhibition showcasing Russian drone technology, where Peskov briefed His Majesty on various technological development initiatives. The exhibition also featured a wide array of drones designed for diverse applications, highlighting Russia's growing capabilities in the unmanned aerial systems sector.
The Star
24 minutes ago
- The Star
King visit Russian drone technology centre in Moscow
MOSCOW: His Majesty Sultan Ibrahim, King of Malaysia, on Thursday (Aug 7) visited Tochka Kipeniya, a technology and innovation centre in Moscow, as part of his state visit to Russia. Upon arrival, His Majesty was received by Dimitry Peskov, Adviser to the President of the Russian Federation, and Alexey Ponomarev, Senior Vice-President of the Skolkovo Institute of Science and Technology (Skoltech). Accompanying the King were Defence Minister Datuk Seri Mohamed Khaled Nordin, who is also the Minister-in-Attendance, Foreign Ministry Secretary-General Datuk Seri Amran Mohamed Zin, and Malaysian Ambassador to Russia Datuk Cheong Loon Lai. During the hour-long visit, Sultan Ibrahim toured an exhibition showcasing Russian drone technology, where Peskov briefed His Majesty on various technological development initiatives. The exhibition also featured a wide array of drones designed for diverse applications, highlighting Russia's growing capabilities in the unmanned aerial systems sector. - Bernama
New Straits Times
24 minutes ago
- New Straits Times
Govt to consider raising I-BAP allocation following overwhelming response
KUALA LUMPUR: The government will consider raising the allocation for the Business Accelerator for Indian-owned companies (I-BAP) to RM10 million in the upcoming Budget following overwhelming response since its launch in October last year. Deputy Entrepreneur Development and Cooperatives Minister Datuk Seri R. Ramanan said RM5.13 million from the RM6 million allocation this year has been approved and will be channelled to recipients, while the remaining RM800,000 is being processed for distribution, and noted that new applications have reached RM2 million, pushing total applications beyond RM8 million. "Based on discussions with Minister (Datuk Ewon Benedick) and SME Corporation Malaysia (SME Corp) chief executive Rizal Nainy, we will carry the suggestion to raise allocations to RM10 million in the upcoming Budget. "If applications rise to RM14 million or RM15 million next year, the government will suggest an additional allocation of RM20 million the following year," he told reporters after attending the handing-over of offer letters to I-BAP recipients here today, where 31 companies received grant offers between RM7,000 to RM100,000. He also shared the latest suggestion of raising the rate of matching grants from 50:50 to 70:30, and expanding the scope of use for the grants for purchasing raw materials and premises rental payments. "This was suggested by Rizal and will help reduce operation costs for small entrepreneurs and will give them room to focus on growth and innovation," Ramanan said. Meanwhile, I-BAP recipient Chocofac (Malaysia) Sdn Bhd chief executive officer (CEO) A Micheal Dass said that it was the second time his company had applied for the grants and praised the improvements made to the application process, which he described as being simpler and more inclusive. "Previously it was rather complicated, now it's very easy to apply. "The aid will help us improve our product and raise sales. SME Corp has also helped us a lot, including shipping subsidies for cross-border business transactions," he said. Fellow recipient, MindAppz E-Tuition CEO K Thinesh Kumar said that I-BAP not only helped strengthen the small and medium enterprises, but also made a huge impact on education technology companies that introduce artificial intelligence (AI) based learning systems. Finally, Rizal during his speech shared that SME Corp would be organising SME Venture@ASEAN 2025 in conjunction with Malaysia being Asean Chair, from Oct 16 to 18 at the Malaysian International Trade and Exhibition Centre (Mitec), which will be officiated by Prime Minister Datuk Seri Anwar Ibrahim. – Bernama
