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CNBC Daily Open: Is India is the first to face Trump's 'secondary' tariff on Russia?
Not only did Trump impose a 25% tariff on India, he also announced a "penalty" on top of the duty because the South Asian country buys Russian oil.
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scmp.com
Trump to impose 25% tariff on India from August 1
Trump criticised India’s trade barriers, linking its Russian oil purchases to a potential additional tariff due to the Ukraine war.
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usatoday.com
President Trump announces 25% tariff on imports from India
The president's trade move comes before his Aug. 1 deadline for higher reciprocal tariffs on goods from nearly 180 countries across the world.
