US Edition
Trump imposes additional 25% tariff on India over Russian oil purchases
- U.S. President Donald Trump imposed an additional 25% tariff on India, raising the total to 50%, due to India's ongoing Russian oil purchases.
- India's Ministry of External Affairs condemned this action as "unfair, unjustified and unreasonable," emphasizing the need to protect national interests.
- The U.S. claims that India's oil imports from Russia support Russia's military operations in Ukraine, leading to the tariff increases.
- Analysts predict that the tariffs will disrupt essential business ties, raise consumer prices, and impact Indian exports worth up to $64 billion.
373 Articles
373 Articles
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.
Navigating Tariffs: India's Auto Component Makers Face New Challenges in Global Trade Shift
Navigating Tariffs: India's Auto Component Makers Face New Challenges in Global Trade Shift The U.S. government's decision to impose a 50% tariff on Indian goods, including auto components, presents significant challenges for the Indian auto industry. The Automotive Component Manufacturers Association of India (ACMA) highlighted the need for the sector to enhance its competitiveness and explore diversified markets.ACMA President Shradha Suri Mar…
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