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Trump Doubles India Tariff to 50% to Punish Russian Oil Buying

Bloomberg · last updated

US President Donald Trump imposed an additional 25% tariff on Indian goods over its ongoing purchases of Russian energy, escalating a fight with a key Asian partner on the eve of his broad-based duties taking effect.

Trump signed an executive order setting the new rate, the White House said Wednesday, which will stack on top of a 25% levy on Indian imports Trump announced last week. The higher duty will take effect within 21 days, according to the order.

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