Trump imposes 50% tariff on India as punishment for buying Russian oil - News Summed Up

Trump imposes 50% tariff on India as punishment for buying Russian oil


Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil. This latest move leaves Indian exporters facing among the highest US duties Trump has slapped on goods from overseas. “I don’t care what India does with Russia,” Trump claimed on Truth Social, his social network, last month. The country’s government has refused to halt purchases of Russian oil, and Narendra Modi urged Indians to buy local. “All of us should follow the mantra of buying only ‘made in India’ goods,” the prime minister said on Tuesday, encouraging shopkeepers to display big signs promoting domestic products.


Source: The Guardian August 28, 2025 01:17 UTC



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