Trump's Tariff Tactics: A New Blow to US-India Trade Relations
US President Donald Trump has imposed an additional 25% tariff on Indian goods, raising it to 50% as retaliation for India's purchase of Russian oil. This action severely impacts Indian exports, with India calling it "unfair, unjustified, and unreasonable." The US hopes to pressure India into accepting demands in a bilateral trade agreement.
- Country:
- United States
In a move expected to ruffle feathers in New Delhi, US President Donald Trump announced an additional 25% tariff on goods imported from India. This decision hikes the current tariff to a staggering 50%, intensifying trade tensions as India is targeted for its ongoing purchase of Russian oil.
The new tariffs, announced via an executive order, mark the latest twist in US-India trade relations. While countries like China and Turkey face less severe duties on Russian imports, India is subjected to the harshest penalties, sparking outrage from Indian officials who deem the actions "unfair and unjustified."
Indian exports, particularly in textiles, leather, and marine sectors, are bracing for significant impact. With the US aiming for concessions in a bilateral trade agreement, the tariffs are seen as a strategic maneuver to press New Delhi into negotiations. The announcement precedes a US delegation visit to India, further fueling tensions as talks over trade persist.
(With inputs from agencies.)
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