Trump penalises India with additional 25% tariff, escalating tensions over Russian oil
US President Donald Trump on Wednesday signed an order to impose an additional 25 per cent tariff on Indian goods over New Delhi's continued purchase of Russian oil, a key revenue source for Moscow's war in Ukraine.
The tariff is set to take effect in three weeks and would be added on top of a separate 25 per cent tariff entering into force on Thursday. It maintains exemptions for items targeted by separate sector-specific duties such as steel and aluminium, and categories that could be hit like pharmaceuticals.
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