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News

Russian oil costs India big

NBC News on MSN · 5h
Trump hikes India tariffs to 50% for buying Russian oil
In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."
The New York Times · 7h
Trump to Double India’s Tariff as Punishment for Buying Russian Oil
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
CNN on MSN · 10h
Trump imposes new 25% tariff on India as punishment for importing Russian oil
President Donald Trump imposed an additional 25% tariff on India as punishment for importing Russian oil, according to a document posted on the White House website — an escalation of his trade battle with New Delhi and his first use of so-called secondary sanctions on countries the US says are fueling Moscow’s war machine.
4h
Trump orders India tariff hike to 50% for buying Russian oil
India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".
13hon MSN
Explainer-Where could India look to replace Russian oil?
India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and ...

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