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Trump imposes 25% tariff and penalties on India over trade and Russian oil

1 min read
Source: CNBC
Trump imposes 25% tariff and penalties on India over trade and Russian oil
Photo: CNBC
TL;DR

U.S. President Donald Trump announced a 25% tariff on India starting August 1, along with a penalty for trade practices he deems unfair, particularly related to India's purchase of military equipment and energy from Russia, as part of his broader trade policy and efforts to reduce the U.S. trade deficit.

Topics:nationworld#india#russia#tariff#trade#trump#world
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  1. Trump announces 25% tariff on India plus 'penalty' for trade with Russia  CNBC
  2. Trump plans to impose a Russia ‘penalty’ on India in addition to a 25% tariff as trade talks stall  CNN
  3. Trump Takes Aim at India on Trade; Dollar Gains Ahead of Fed Meeting  The Wall Street Journal
  4. Live updates: Trump announces 25 percent tariffs on India starting Friday  The Washington Post
  5. Trump hits India with 25% tariff, extra ‘penalty’ for Russian oil purchases  Al Jazeera

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