Trump Hits India With Punitive Tariffs for Buying Russian Oil, Modi Ignores Trump's Calls
Wednesday, 27 August 2025 () The United States has imposed sweeping 50% tariffs on Indian goods, citing New Delhi’s continued purchases of Russian oil. The measures came into force at 7:00 a.m. Moscow time, after five rounds of negotiations failed to produce an agreement. Failed Talks and Harsh Measures According to sources in India’s Ministry of Commerce, the government does not expect any quick easing of the measures. Officials are preparing support for affected exporters while encouraging a redirection of trade flows toward China, Latin America, and the Middle East. The tariffs, announced under a presidential decree signed by Donald Trump in August titled “Countering Threats to the United States from the Government of the Russian Federation,” double earlier import duties from 25% to 50%.
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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Wednesday, 27 August 2025 ()
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