C
Originally published by Capital Business
📰 Read Full Article
business
August 7, 2025
2mo ago

Trump threatens 50% tariffs on India for buying Russian oil

Trump threatens 50% tariffs on India for buying Russian oil

AUG 7 - US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will Kenya breaking news | Kenya news today |..

✨ Key Highlights

In a significant escalation, US President Donald Trump has ordered an additional 25% tariff on Indian imports, raising the total tariff to 50%, effective August 27. This move is in response to India's continued purchases of Russian oil, which the US claims undermines efforts to counter Russia's actions in Ukraine.

  • The new 50% tariff is among the highest imposed by the US.
  • India's Foreign Ministry called the tariff "unfair, unjustified, and unreasonable," stating Delhi will protect its national interests.
  • The tariffs could severely impact key Indian exports like textiles, gems and jewellery, auto parts, and seafood, potentially cutting US-bound exports by 40–50%.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Part of the Day's Coverage

Trump Administration Imposes 50% Tariffs on Imports from Brazil and India - August 2025

The Trump administration has escalated trade tensions by imposing significant tariffs, with Brazil initiating a WTO consultation to challenge U.S. tariffs, which could reach up to 50 percent on certain Brazilian products, following executive orders on April 2 and July 30, 2025. Simultaneously, the U.S. controversially doubled tariffs on imports from India to 50%, effective August 27, penalizing Delhi for its continued purchase of Russian oil amidst the Ukraine war. This move makes India the most heavily taxed US trading partner in Asia, threatening to severely impact its exports and economic growth.

3 stories in this topic
View Full Coverage