US Imposes 50% Tariff On India For Russian Oil Purchases, Citing Geopolitical Choice | India Today

Share

US Imposes 50% Tariff On India For Russian Oil Purchases, Citing Geopolitical Choice | India Today

The United States has imposed an additional 25% tariff on India, bringing the total tariff to 50%. This executive order, signed by President Donald Trump, is a direct response to India’s continued purchase of Russian oil. The new tariff is set to take effect 21 days from the order’s date. This development has led to the India-US relationship reaching an all-time low. Experts state this is not about trade but geopolitical pressure on India to make a choice. The White House release attributes the tariffs to India enabling Russia’s actions in Ukraine. India’s trade ministry will assess the impact, with concerns about a significant reduction in global exports. The situation is described as, ‘This is not trade anymore viewers, this is blackmail. This is bullying where you’re trying to push India to make a geopolitical choice.’ India’s response is anticipated. #indiausrelations #tariffs #russianoil #itwebvideos #geopolitics #tradewar #donaldtrump #executiveorder #india #unitedstates #ukrainewar #sanctions #economy #diplomacy #strategicautonomy #globaltrade
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.

All you need to do is PRESS THE BELL ICON next to the Subscribe button!

India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.

Stay tuned for latest updates and in-depth analysis of news from India and around the world!

WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00

Download App: https://indiatoday.link/wHaj

Follow us: Official website: https://www.indiatoday.in/

Twitter: https://twitter.com/IndiaToday

Facebook: https://www.facebook.com/IndiaToday