The White House is placing an additional 25% tariff on imports from India, bringing total tariffs up to 50%, in retaliation for the country’s purchase of oil from Russia, according to an executive order signed on Wednesday morning.
India has 21 days to respond to the potential tariffs before they go into effect. The tariffs will be tacked on to a 25% tariff on India Donald Trump set last week as a “penalty” for the country’s trading relationship with Russia.
