The United States imposed a 50 percent tariff on nearly all Indian goods citing New Delhi's purchases of Russian oil. The tariff, announced August 27, makes Indian exporters face one of the world's largest rates and follows an initial 25 percent tariff in late July. The move risks straining strategic US-India ties and may harm an Indian economy closely linked to US trade and technology investment. India remains the largest buyer of Russian seaborne crude and has refused to halt purchases. Indian leaders have urged domestic buying and signaled readiness to withstand pressure, while officials warn the measures could push India toward closer ties with Russia and China.
Since then, the country's government has refused to halt purchases of Russian oil and Prime Minister Narendra Modi urged Indians to buy local. "All of us should follow the mantra of buying only 'Made in India' goods," Modi said on August 26, encouraging shopkeepers to display big signs promoting domestic products. "Pressure on us may increase [from the tariffs], but we will bear it."
US President Donald Trump has made good on his threat to impose a 50 percent tariff on nearly all Indian goods over New Delhi's purchases of Russian oil. The August 27 announcement leaves Indian exporters facing one of the largest tariff rates in the world. That move risks rupturing the United States' strategic relationship with India, who is one of Washington's strongest partners in the Indo-Pacific and where two-thirds of the largest US corporations have offshore operations.
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