President Donald Trump will hike tariffs on India to 50 percent beginning later this month in response to India’s purchases of Russian oil.
Trump signed an executive order raising tariffs on India an additional 25 percent, on top of the 25 percent duty that took effect on August 1. When Trump announced the initial 25 percent tariff, he declared that India would pay an additional duty for being a top buyer of Russian oil “at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE,” according to the AFP’s citation of a Truth Social post.
A White House Fact sheet notes that Trump has learned India has continued to source Russian oil:
The…
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