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2d ago

Trump Doubles Tariffs on Indian Goods to 50% Over Russian Oil Imports

Citing national security risks from India’s Russian oil purchases, Trump’s order precedes the next round of trade talks in New Delhi later this month.

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Donald Trump’s remarks came hours after he signed an executive order on Wednesday, imposing additional 25 per cent tariffs on all Indian goods, taking the total tariffs on India to 50%.
Trump’s additional 25% tariff followed after over a week of criticism focused on New Delhi’s continued purchases of Russian energy. (REUTERS)
US President Donald Trump reacted to India's remarks citing America doing trade with Russia.

Overview

  • Trump signed an executive order on August 6 to impose an additional 25% duty on Indian imports, bringing the total U.S. tariff rate to 50% effective August 27.
  • The White House justified the move by stating that India’s purchase of discounted Russian crude oil helps finance Moscow’s war in Ukraine and threatens U.S. national security.
  • India’s Ministry of External Affairs condemned the tariffs as unfair and unreasonable and said it would take all necessary measures to safeguard its national interests.
  • Exporters in competitive sectors such as textiles, footwear, and gems have reported order cancellations and warned of significant disruptions ahead of the busy season.
  • American trade negotiators are set to convene the sixth round of bilateral talks in New Delhi from August 25 to 30 to seek a resolution to stalled trade negotiations.