Trump strikes India with an additional 25 % tariff on Russian oil imports

Washington President Trump signed Executive order On Wednesday, an additional 25 % tariff imposed on goods from India because it continues to buy oil from Russia.

Declaration Only one week comes After saying that he would slap a 25 % tariff on imports from India, as well as “unlimited” penalty due to its purchases of Russian military equipment and energy. An additional tariff is set to become valid in 21 days, according to the guidance. The latest procedure brings the total duties imposed on Indian products to 50 %.

Mr. Trump then criticized India on a “very high” tariff and “the most heavy and unconfirmed commercial barriers in any country.”

The President sought to target countries that deal with Russia as part of his efforts to pressure the Kremlin to reach a peace agreement with Ukraine. Russian President Vladimir Putin He met with Steve WitkevMr. Trump’s private envoy in Moscow on Wednesday, according to Karmalin.

Mr. Trump has He gave Putin until Friday Approval of the ceasefire with Ukraine or a “severe tariff” and other economic sanctions.

The definitions are part of the agenda of the commercial president, and Mr. Trump has used the fees as a way to force commercial partners on the table to negotiate commercial agreements. The president announced last week Higher duties against more than 60 countries Before the deadline on Friday to reduce commercial deals with his administration. These definitions were set to accelerate this week.

The United States had a trade deficit of $ 45.8 billion with India last year, an increase of 5.9 % over 2023 Data From the American Trade Representative Office.

Mr. Trump He met the Indian Prime Minister Narendra Modi In the White House earlier this year he said that the United States would strengthen the military sales of India. He also said that Modi reached a deal on oil and gas that would make the main resource of the American India.