President Donald Trump has taken a major swing at India’s trade relationship with the U.S., slapping an additional 25% tariff on Indian imports in response to New Delhi’s continued purchases of Russian oil—effectively doubling the total tariff burden on Indian goods to 50%.
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The White House announced the new trade action through an executive order on August 6, citing India’s ongoing direct and indirect imports of Russian crude oil and petroleum products as a threat to U.S. national security and foreign policy interests.
Trump Hits India With 50% Tariff Wall
“The Government of India is currently directly or indirectly importing Russian Federation oil,” the order reads.
According to the White House, the move is intended to “more effectively deal with the national emergency” declared over Russian aggression and its global economic support network.
The new 25% tariff stacks …