United States President Donald Trump on Wednesday imposed an additional 25 per cent tariff on India for continued purchases of Russian oil amid the Ukraine war, taking the total tariff imposition to 50pc.
In an executive order issued from the White House, Trump said: “I find that the Government of India is currently directly or indirectly importing Russian Federation oil.
“Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25pc.”
More to follow.
