Latest news with #IndianImports
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
India's Economy Faces Bumpy Road in Face of Steep Trump Tariff
India's growth outlook has been weighed by President Trump's punitive tariff on the South Asian economy but there's still hope negotiations will ease the impact. Trump on Wednesday said Indian imports would be hit with an extra 25% levy as punishment for buying Russian oil, on top of a 25% tariff that had been previously announced.
Wall Street Journal
05-08-2025
- Business
- Wall Street Journal
India Defies Trump on Russian Oil Despite Tariff Threats
NEW DELHI—India is digging in its heels and resisting pressure from the U.S. to curb purchases of Russian oil, despite threats by President Trump to retaliate by imposing higher tariffs on India. Last week, Trump said he would place a 25% tariff on Indian imports to the U.S. in retaliation for India's large-scale purchases of cheap Russian oil. Then, on Monday, the president said he would be 'substantially raising' tariffs on Indian goods—on top of the 25% duty—because of the 'massive amounts' of Russian oil that India buys.
