Aug. 6 (UPI) -- President Donald Trump on Wednesday raised tariffs on goods imported from India to 50% in response to the country's continued purchase of Russian oil.
"I find that the Government of India is currently directly or indirectly importing Russian Federation oil," President Donald Trump said in an executive order.
"Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25%," the executive order said.
This adds to the previous 25% tariffs set to take effect Thursday. The new tax will begin in 21 days.
Related
