US Hits India With 50% Tariff Citing Russian Oil Purchases

US Hits India With 50% Tariff Citing Russian Oil Purchases

SHUMAILA ASLAM
Scandinavian News Agency
Bureau Chief Pakistan

US President Donald Trump has announced a 50% tariff on most imports from India, escalating his earlier 25% duty. The move, which took effect after midnight Wednesday in Washington, is aimed at penalizing New Delhi for purchasing discounted Russian oil.

The White House argues that Indiaโ€™s oil trade indirectly supports Moscowโ€™s war in Ukraine. Experts, however, warn the decision could damage Indiaโ€™s economy, strain ties with a key ally, and further disrupt global supply chains.

About The Author

Related Posts