US president Donald Trump has imposed an additional 25 per cent tariff on Indian goods over New Delhi's continued imports of Russian oil, dramatically escalating tensions between the two nations after trade talks reached a deadlock.
The new import tax, effective 21 days after 7 August, will raise duties on some Indian exports to as high as 50 per cent, forcing the Asian country to cough up the highest levy on any US trading partner as Washington objects to Russian oil purchases by India.
