US President Donald Trump meets with Indian Prime Minister Narendra Modi within the Oval Workplace of the White Home in Washington, DC, on Feb. 13, 2025. Modi will attempt to rekindle his bromance with Donal
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The White House introduced Wednesday that it’s imposing an additional 25% tariff on India, bringing the overall levies towards the most important United States buying and selling accomplice to 50%.
“I discover that the Authorities of India is at present instantly or not directly importing Russian Federation oil,” President Donald Trump mentioned in an executive order.
“Accordingly, and as in step with relevant legislation, articles of India imported into the customs territory of the USA shall be topic to a further advert valorem fee of obligation of 25 p.c,” the chief order reads.
The brand new tariffs are set to enter impact in 21 days, in accordance with the order, whereas the beforehand introduced 25% tariffs are set to take effect on Thursday.
Trump’s new tariff fee on India is now among the many highest levy on the entire United States’ buying and selling companions. It is the premier signal that Trump is transferring on making good on his threat to punish countries that purchase Russian oil, as he is elevated his rhetoric in latest weeks over President Vladimir Putin’s invasion of Ukraine.
Trump final week mentioned that imports from India can be topic to a tariff of 25%, along with a “penalty” over the nation’s buy of army tools and power from Russia. It was not clear on the time what such a penalty may appear like.
Trump signaled Tuesday that he would increase the tariff on India “very considerably over the subsequent 24 hours, as a result of they’re shopping for Russian oil, they’re fueling the struggle machine.”
“And if they are going to try this, then I am not going to be comfortable,” Trump mentioned on CNBC’s “Squawk Box.”
India, nonetheless, has mentioned that it’s being “targeted” by the U.S. and European Union “for importing oil from Russia after the graduation of the Ukraine battle.”
India’s Ministry of Exterior Affairs mentioned in a Monday assertion that “it’s revealing that the very nations criticizing India are themselves indulging in commerce with Russia.”
“In contrast to our case, such commerce just isn’t even an important nationwide compulsion [for them],” the assertion mentioned.
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