White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’
The White House is placing an additional 25% tariff on imports from India, bringing total tariffs up to 50%, in retaliation for the country’s purchase of oil from Russia, according to an executive order signed on Wednesday morning.
India has 21 days to respond to the potential tariffs before they go into effect. The tariffs will be tacked on to a 25% tariff on India Donald Trump set last week as a “penalty” for the country’s trading relationship with Russia.
Last week, the president wrote on social media that India had “always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of energy”.
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” he wrote.
