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India vows to protect national interests after Trump threatens Delhi with 50 percent tariff
NEW DELHI: India has vowed to take “all actions necessary” to protect its national interests after President Donald Trump doubled US tariffs on India to 50 percent over Delhi’s purchase of Russian oil. Trump signed an executive order on Wednesday to place an additional 25 percent tariff on India on top of a 25 percent tariff that is set to go into effect on Thursday, making the South Asian country one of the most heavily taxed US trading partners in Asia.
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forbes.com
Trump Hiking India’s Tariff Rate Over Its Purchases Of Russian Oil
Russia is one of India’s top oil suppliers and trade partners, contributing to around 35% of the country’s total supplies.
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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.
