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U.S. tariffs take effect on India, threatening $48.2B in exports

NPR Wednesday, 27 August 2025 ()
Earlier this month President Trump signed an executive order imposing an additional 25% tariff on India due its purchases of Russian oil, bringing the combined tariffs to 50%.
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Video Credit: Oneindia - Published
News video: EXPLAINED: India Ready To Fight Trump’s 50% Punitive Tariffs | PM Modi Vows To Defy U.S. Pressure

EXPLAINED: India Ready To Fight Trump’s 50% Punitive Tariffs | PM Modi Vows To Defy U.S. Pressure 04:31

President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth of Indian exports, with SBI warning of a 0.3–0.6% GDP hit. Prime Minister Narendra Modi has refused...

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