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Trump imposes additional 25 percent tariff on Indian goods, relations hit new low
US President Donald Trump on Wednesday issued an executive order imposing an additional 25 percent tariff on Indian goods citing New Delhi’s continued imports of Russian oil, sharply escalating tensions between the two countries after trade talks collapsed. The new measure raises tariffs on some Indian goods to as high as 50 percent — among the steepest faced by any US trading partner. The move is expected to hit key Indian export sectors including textiles, footwear, and gems and jewelery and marks the most serious downturn in US-India relations since Trump returned to office in January.
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energyintel.com
Trump Threatens India With Tariff Hike Over Russian Oil Trade
Trump said he will “substantially” raise tariffs on India for buying Russian crude — and selling derivative products — as Indian leaders voice their resistance.
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arabnews.com
Trump says will raise tariff on India over Russia oil purchases
Washington: President Donald Trump threatened Monday to hike US tariffs on goods from India over its purchases of Russian oil — a key source of revenue for Moscow’s war on…
