Latest Trump tariff turmoil: India’s responsibilities doubled from 25% to take effect on August 27
In the latest escalation of the tariff war, President Donald Trump signed an executive order in response to India’s continued purchase of Russian oil, Zee Business reported.
The move comes after Trump’s previous warning the day before threatened to impose a 25% tax on Indian imports within 24 hours, rather than the ongoing oil trade with Russia in New Delhi, accusing the country of pushing what he called the “Russian war machine.”
India responded sharply on Monday, saying the continued positioning of U.S. and EU on Russian oil imports is “unreasonable and unreasonable.”
Trump claimed in a statement that India bought and reselled Russian oil on the open market “to make huge profits” and announced that Washington would significantly increase tariffs on Indian goods.
Please read also: PM Modi excludes negotiations with Trump amid threat of tariff rate hikes
This is what the US president said to India’s executive order
Trump imposed a 25% tariff on Indian imports in his executive order and believed that India’s continued purchase of Russian oil was the main reason for the action. The order, which came into effect on August 27, outlines the reasons behind the decision and links it to the broader national emergency declared in the Executive Order of 14066.
“I find that the Indian government is currently importing Russian Federation oil directly or indirectly,” Trump said in the executive order.
“So, consistent with applicable law, the Indian clauses imported into U.S. Customs Territory shall be subject to an additional 25% value tax rate.”
The President further demonstrated the decision, saying: “I received other information from various senior officials, among other things, by the Government of the Russian Federation in the situation in Ukraine. After considering these other information, I found that the national emergency described in Executive Order No. 14066 continues the national emergency and policies of the National Union, which are not a government used to the continuous rule, rather than an out-of-conformity policy, rather than an out-of-conformity policy.”
“To deal with the national emergency as described in Executive Order No. 14066, I determined that the imposition of additional value and appropriate obligations on imports from India is to import Russian Federation oil directly or indirectly. In my judgment, my judgment, in addition to the other measures described in the execution order, is also to the conquest imposed in my judgment, and the following are the other measures of 60666 in 1406.
Please read also: Trump’s tariff threat, Russian oil rhetoric risk withdraws India’s 25-year ties: Carnegie report
Trump’s tariff action India-US contact
Last week, Trump announced a 25% tariff on Indian goods through a social media post on X, citing high tariffs, non-monetary trade barriers, and ironically, India calls India a “friend.”
He said the U.S. had “relatively fewer” operations with India over the years because what he said was too high tariffs and trade restrictions.
“Remember that despite India being our friends, over the years we have done relatively few businesses with them because their tariffs are too high, the highest in the world, and they have the hardest and annoying non-monetary trade barriers of any country,” Trump wrote.
Trump’s rhetoric and threats have turned India’s relations with the United States into a turbulent domestic political issue for the first time in two decades, according to a report by the Carnegie Foundation for International Peace.
