US EditionTrump imposes additional 25% tariff on India over Russian oil purchases
UNITED STATES, AUG 7 – The U.S. raised tariffs on Indian imports to 50% citing India's Russian oil purchases, risking a 30-35% competitive disadvantage for Indian exporters, officials said.
- U.S. President Donald Trump announced a 25% tariff on Indian goods due to India's purchases of Russian oil, which helps finance the war in Ukraine, according to a White House executive order.
- India's Ministry of External Affairs declared the U.S. threats against India over oil purchases as unjustified and unreasonable.
- India's Ministry of External Affairs criticized the tariff as unjustified, emphasizing the need for affordable energy for its citizens.
- Experts noted that India's imports of Russian oil could pose long-term challenges for its relations with the U.S. and the global oil market.
372 Articles
372 Articles
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Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses "not viable" after President Donald Trump ordered steeper levies totalling 50 percent on imported Indian goods. Prime Minister Narendra Modi said he was willing to "pay a great personal price", while opposition Congress party leader Rahul Gandhi called the levies
Indian refiners are awaiting guidance from the government on whether to continue buying Russian oil following the US decision to impose additional duties of 25% on Indian goods.
Indian MP Blasts Trump Over Tariffs on Russian Oil Imports
Indian MP Blasts Trump Over Tariffs on Russian Oil Imports Revolutionary Socialist Party MP NK Premachandran has launched a blistering attack on US President Donald Trump following the imposition of a 25% additional tariff on India over its purchases of Russian oil. In a statement to ANI, Premachandran described Trump's decision as inconsistent and a direct affront to India's sovereign rights. He assertively stated, "There is no consistency in t…
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