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Trump raises tariffs on goods from India to 50% over Russian oil purchases

Trump raises tariffs on goods from India to 50% over Russian oil purchases

CNA21 hours ago
WASHINGTON: US President Donald Trump issued an executive order on Wednesday (Aug 6) imposing an additional 25 per cent tariff on goods from India, bringing the total to 50 per cent.
"I find that the government of India is currently directly or indirectly importing Russian Federation oil," he said in an executive order.
The White House said the move was "necessary and appropriate" and the new tariff rate would take effect 21 days from Aug 6.
This comes after Trump said on Tuesday he would increase the tariff on imports from India "very substantially" over the next 24 hours and alleged that New Delhi's purchases of Russian oil were "fuelling the war" in Ukraine.
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