An extra 25 per cent duty on Indian goods has been imposed by an executive order signed by US President Donald Trump in retaliation for purchasing Russian oil. India is now subject to one of the highest import tax levels in the US under Trump, with a total of 50 percent, after Wednesday’s rise is added to the 25 percent levy it currently bears.
In his executive order, Trump justified higher tariffs on India, a significant buyer of Russia’s petroleum exports, as “necessary and appropriate” in light of the country’s ongoing military activities in Ukraine.
There is still an exceptional risk to American foreign policy and national security from the acts and policies of the Russian Federation’s government. The United States and India have 21 days from the date of the announcement to negotiate a lower tariff rate before the rise takes effect.
However, the action runs the risk of making US-Indian ties even more difficult. The only other nation that has to deal with a 50% total tariff rate is Brazil. Following Trump’s executive order, India’s Ministry of External Affairs swiftly released a statement denouncing the tariffs as “unfair, unjustified, and unreasonable.
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