Business/Economy

US Tariffs On Indian Goods Double To 50% Over Russian Oil Purchases

US tariffs of 50 per cent took effect on Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.

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Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow’s war in Ukraine, as part of a campaign to end the conflict.

The latest salvo strains US-India ties, giving New Delhi fresh incentive to improve relations with Beijing.

While Trump has slapped fresh duties on allies and competitors alike since returning to the presidency in January, this 50-per cent level is among the highest that US trading partners face.

Crucially, however, exemptions remain for sectors that could be hit with separate levies — like pharmaceuticals and computer chips.

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Daily Frontier is committed to being a trusted source of accurate and timely news, offering in-depth coverage of current affairs, emerging trends, and critical issues shaping today’s world

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