The White House has signed an executive order to impose an additional 25% tariff on imports from India, raising the total tariff to 50%. This action is in response to India's continued purchase of oil from Russia. India has 21 days to respond before the tariffs take effect. The new tariff builds upon a prior 25% tariff imposed by Trump due to India's trading relationship with Russia. India claims the tariffs are unfair and jeopardize its energy security, asserting it will take necessary actions to protect its interests.
The White House is placing an additional 25% tariff on imports from India, bringing total tariffs up to 50%, in retaliation for the country's purchase of oil from Russia.
India has said that it feels unjustly singled out for its trade relationship with Russia, asserting that its imports are based on market factors and aimed at ensuring energy security.
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