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The levy combines an earlier 25 per cent duty with an additional 25 per cent order signed by Trump earlier this month over India’s continued purchase of Russian crude
A file photo of PM Modi with Donald Trump (PTI)
The United States’ 50 per cent tariff measure on India is set to take effect at 12:01 am EDT (9:31 am IST) today, adding fresh strain to Washington’s trade ties with New Delhi.
The move comes after repeated warnings from President Donald Trump, who linked the punitive measures to India’s continued imports of Russian crude.
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The levy combines an earlier 25 per cent duty with an additional 25 per cent order signed by Trump earlier this month.
New Delhi, however, has slammed the action as “unfair, unjustified and unreasonable,” insisting that its energy policy is based on securing the best deals for its economy.
About the Author
Ronit Singh, Senior Sub-Editor at News18.com, works with the India and Breaking News team. He has a keen focus on Indian politics and aims to cover unexplored angles. Ronit is an alumnus of Christ (Deemed to be…Read More
Ronit Singh, Senior Sub-Editor at News18.com, works with the India and Breaking News team. He has a keen focus on Indian politics and aims to cover unexplored angles. Ronit is an alumnus of Christ (Deemed to be… Read More
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