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Trump hits India with extra 25% tariff for buying Russian oil

13d ago
World
BBC News
Trump hits India with extra 25% tariff for buying Russian oil
The United States has imposed an additional 25% tariff on India in response to the country's continued purchase of Russian oil. This new tariff brings the total rate to 50%, making it one of the highest tariffs the US has levied against any nation. The move is likely intended to pressure India to reduce its reliance on Russian energy imports amid ongoing international sanctions related to the conflict in Ukraine. The economic impact on both countries remains to be seen, but analysts predict potential disruptions in trade and diplomatic relations.
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