The United States will impose a 50 percent tariff on India, which is double the previously announced 25 percent tariff. This increase follows India's refusal to cease its import of Russian oil. President Trump has accused India of supporting the Russian war effort through these purchases. The tariff is part of a broader strategy to pressure nations involved with Russian oil and aims to end the war in Ukraine. This new tariff rate matches Brazil's and is the highest set since Liberation Day in April.
President Trump announced a 50 percent tariff on India, doubling the earlier figure of 25 percent due to India's refusal to stop importing Russian oil.
The U.S. tariff aims to pressure India, as President Trump stated that India is "fueling the [Russian] war machine" with its oil purchases.
This tariff is a part of Trump's intensified effort to end the ongoing war in Ukraine, which has remained unresolved during his presidency.
The imposed tariff on India is the highest set since Liberation Day in April, matching Brazil's rate.
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