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News

Trump doubles India tariff to 50% over Russian oil purchase

NBC News on MSN · 2d
Trump hikes India tariffs to 50% for buying Russian oil
In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."
The New York Times · 2d
Trump to Double India’s Tariff as Punishment for Buying Russian Oil
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
Associated Press News · 15h
How India’s oil trade with Russia led to a 50% US tariff
President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
2d

Focus: Trump tariffs cost small Canadian firms as big business, oil enjoy exemptions

Steve Mallia's Toronto-based telescope accessory business was thriving until March when the Trump administration imposed a 25 ...
1d

Trump orders India tariff hike to 50% for buying Russian oil

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".

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