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Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained

IndiaTimes Wednesday, 6 August 2025 ()
US President Trump's imposition of a 25% additional tariff on Indian exports due to Russian oil purchases is poised to negatively impact India's economy, particularly affecting textile, marine, and leather sectors. Experts view this as a pressure tactic amid ongoing trade deal negotiations, potentially hindering India's GDP growth and straining trade relations.
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Video Credit: Oneindia - Published
News video: India HITS BACK at Trump’s Tariff Increase Threat; Slams US And EU For Hypocrisy; ‘They Trade…’

India HITS BACK at Trump’s Tariff Increase Threat; Slams US And EU For Hypocrisy; ‘They Trade…’ 03:02

India has strongly pushed back against U.S. President Donald Trump’s threat to impose higher tariffs over Russian oil imports. In a sharp rebuttal, New Delhi slammed the U.S. and EU for what it called “hypocrisy,” pointing out that Western nations continue their own trade ties while pressuring...

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