Washington DC – US President Donald Trump has sharply increased tariffs on Indian goods, doubling the rate to 50 percent. This escalated tariff comes as a direct response to India’s continued imports of Russian oil. The new tariff will take effect on August 27, making it the highest duty rate on Indian exports globally. This move strains the US-India trade relationship, which was already under pressure.
The additional 25 percent tariff follows the previous hike earlier this week, reflecting the White House’s tough stance on countries trading with Russia amidst the ongoing geopolitical conflict related to the Ukraine war.
Details of the Tariff Hike
- The tariff rate on Indian goods has been increased to 50%.
- This is the highest duty rate imposed by the US on any country’s exports.
- The tariff targets India’s continued imports of Russian oil.
- The hike will be effective from August 27.
Implications for US-India Relations
This decision places India alongside Brazil, with both nations facing some of the highest tariffs imposed by the US. The Trump administration cited concerns over Russia’s military actions and accused India of indirectly supporting Moscow’s war efforts through its oil purchases.
Indian officials have expressed frustration, calling the move unfair given that the US itself imports certain goods from Russia. The tariff escalation may impact the Indian economy, affecting exports and creating challenges for bilateral trade ties.
Broader US Strategy
This move signals a broader US strategy to exert economic pressure on nations involved with Russia’s energy sector, aiming to deter support for Moscow amidst the ongoing conflict in Ukraine.
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