US tariffs on Indian goods double to 50% over Russian oil purchases
Published :
17 hours ago|Last Updated :
17 hours ago|US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.
Trump has raised pressure on India over the energy purchases, a key source of revenue for Moscow's war in Ukraine, as part of a campaign to end the conflict. But tariff exemptions remain for sectors that could be hit separately, like pharmaceuticals and computer chips.