Trump’s 50% tariffs on India over Russian oil purchases take effect

Workers in a manufacturing unit make leather footwear in Agra, India (Manish Swarup/AP)
Workers in a manufacturing unit make leather footwear in Agra, India (Manish Swarup/AP)

Steep US tariffs on a range of Indian products have taken effect, threatening a serious blow to India’s overseas trade in its largest export market.

President Donald Trump had initially announced a 25% tariff on Indian goods but earlier this month he signed an executive order imposing an additional 25% tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the US on its ally to 50%.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

More in this section

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited