Trump’s punishing 50% tariffs on Indian exports come into effect
US President Donald Trump's 50-percent tariffs on swaths of Indian products took effect Wednesday, straining ties between Washington and New Delhi as the US justified its steep duties as punishment for India buying Russian oil. Former president Joe Biden had encouraged India to step up its purchase of Russian oil following the 2022 invasion of Ukraine to stabilise global prices.
US President Donald Trump's 50-percent tariffs on swaths of Indian products took effect Wednesday, straining ties between Washington and New Delhi as the US justified its steep duties as punishment for India buying Russian oil. Former president Joe Biden had encouraged India to step up its purchase of Russian oil following the 2022 invasion of Ukraine to stabilise global prices.
This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.
