WASHINGTON: US President Donald Trump issued an govt order on Wednesday (Aug 6) imposing an extra 25 per cent tariff on items from India, bringing the entire to 50 per cent.
“I discover that the federal government of India is presently immediately or not directly importing Russian Federation oil,” he stated in an govt order.
The White Home stated the transfer was “essential and applicable” and the brand new tariff price would take impact 21 days from Aug 6.
This comes after Trump stated on Tuesday he would enhance the tariff on imports from India “very considerably” over the following 24 hours and alleged that New Delhi’s purchases of Russian oil had been “fuelling the warfare” in Ukraine.
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