US Edition
Trump imposes additional 25% tariff on India over Russian oil purchases
UNITED STATES, AUG 7 – The U.S. raised tariffs on Indian imports to 50% citing India's Russian oil purchases, risking a 30-35% competitive disadvantage for Indian exporters, officials said.
- Dmitry Peskov said the US threats against India are illegitimate and emphasized that sovereign nations must be free to choose their trading partners.
- President Donald Trump on Wednesday imposed a 25 per cent additional tariff on Indian goods over continued Russian oil imports, raising the total to 50 percent.
- Trump warned he would hike duties over Indian imports, saying `India has not been a good trading partner...they're buying Russian oil. They're fueling the war machine`, on August 5, 2025.
- Amid rising tensions, Wendy Cutler said `Regrettably, the US-India dispute is escalating, with the President now threatening an additional 25 per cent tariff`, and India’s Ministry of External Affairs stated it will `take all necessary measures to safeguard its national interests and economic security`.
- Looking ahead, the $45.8 billion trade deficit in 2024 threatens the $500 billion bilateral trade target of 2030, according to US Census Bureau data.
384 Articles
384 Articles
India’s State-Owned Refiners Halt Russian Oil Imports as US Doubles Tariffs
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India exporters say 50% Trump levy a ‘severe setback’
Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses "not viable" after President Donald Trump ordered steeper levies totalling 50 percent on imported Indian goods. Prime Minister Narendra Modi said he was willing to "pay a great personal price", while opposition Congress party leader Rahul Gandhi called the levies
Indian refiners are awaiting guidance from the government on whether to continue buying Russian oil following the US decision to impose additional duties of 25% on Indian goods.
Indian MP Blasts Trump Over Tariffs on Russian Oil Imports
Indian MP Blasts Trump Over Tariffs on Russian Oil Imports Revolutionary Socialist Party MP NK Premachandran has launched a blistering attack on US President Donald Trump following the imposition of a 25% additional tariff on India over its purchases of Russian oil. In a statement to ANI, Premachandran described Trump's decision as inconsistent and a direct affront to India's sovereign rights. He assertively stated, "There is no consistency in t…
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