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International Business Times
International Business Times
World

Trump Hikes India Levy Over Russian Oil As Tariff Deadline Approaches

Donald Trump United States India Russia Oil New Delhi Moscow
US President Donald Trump signed an order to impose an added 25-percent tariff on Indian goods over its purchases of Russian oil (Credit: AFP)

US President Donald Trump on Wednesday ordered steeper tariffs on Indian goods over New Delhi's continued purchase of Russian oil, opening a new front in his trade wars just hours before another wave of duties takes effect.

Trump's additional 25-percent tariff on Indian goods, set to come into place in three weeks, stacks atop a separate 25-percent duty entering into force Thursday. This takes the level to 50 percent for many products.

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