U.S. tariffs on Indian goods doubled to 50% on Wednesday, as President Trump followed through on a threat to hike levies on India due to its purchases of Russian oil. Trump in early August threatened to increase tariffs on India by 25 percentage points, setting an Aug. 27 date for the extra levies to kick in.
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U.S. Hits India With 50% Tariffs Due to Russian Oil Purchases
Published 2 months ago
Aug 27, 2025 at 10:36 AM
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