Close Menu
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Facebook X (Twitter) WhatsApp
Trending
  • These power astronomy binoculars are the cheapest they’ve been all year
  • Columbia confirms hack stole Social Security numbers, health info
  • This bright yellow 11-inch Apple iPad with A16 chip is $50 off on Amazon right now
  • Joseph Parker and Fabio Wardley set heavyweight clash for October 25 at London’s O2 Arena | Boxing News
  • Matthew McConaughey’s Son Levi Following His Footsteps
  • Woman’s hand signal for help leads to arrest
  • Canon EOS R5 II review
  • Congress returns from recess to face Epstein files controversy again
Facebook X (Twitter) WhatsApp
Baynard Media
  • Home
  • UNSUBSCRIBE
  • News
  • Lifestyle
  • Tech
  • Entertainment
  • Sports
  • Travel
Baynard Media
Home»News»Trump’s tariffs on India rise to 50% in punishment for buying Russian oil
News

Trump’s tariffs on India rise to 50% in punishment for buying Russian oil

EditorBy EditorAugust 27, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email

President Donald Trump’s promised 50% tariffs on India took effect on Wednesday, as the U.S. risks blowing up a relationship considered crucial in its effort to counter the rise of China.

Trump started the tariff rate at 25% but doubled it earlier this month as punishment for India buying Russian oil. India now has one of the highest of the many tariffs imposed during Trump’s ongoing global trade war.

Tariffs are a tax on imports and are paid by the importing company in America, with the extra cost often passed on to consumers. Goods imported from India in 2024 were worth $87.3 billion, up 4.5% on the previous year, according to U.S. government figures.

The reversal was a blowup of the favorable position India seemed to enjoy early in the second Trump administration due to America’s expanding economic relationship with it and Trump’s personal relationship with Prime Minister Narendra Modi.

On Sunday, Vice President JD Vance — whose wife is the daughter of Indian immigrants — told NBC’s “Meet the Press” on Sunday that the U.S. had applied “aggressive economic leverage” on India to “try to make it harder for the Russians to get rich from their oil economy.”

Despite opposition by India, the U.S. followed through on its threat, which could be a sharp blow to half of India’s exports and force affected merchants to diversify to other markets, such as Latin America and the Middle East.

Meanwhile, the U.S. is India’s largest trading partner.

The 50% levy risks decades of warming of ties between the U.S. and India. Stock markets in India remained closed on Wednesday due to a public holiday.

Modi has vowed to defend the country’s farmers and small businesses.

“For me, the interests of farmers, small businesses and dairy are topmost. My government will ensure they aren’t impacted,” Modi said at a rally this week in his home state of Gujarat.

India and the U.S. are yet to reach a bilateral trade deal, even after holding five rounds of negotiations. That’s mostly because India is unwilling to open those sectors to cheaper American imports as it could threaten the livelihood of millions of Indians. The Indian leader is also under immense domestic pressure not to cave to the U.S.’s unilateral demands.

Trump also appears adamant on his demand that India stop buying Russian oil as he shifted his focus in recent days to broker peace in Ukraine.

Ironically, India’s continued purchase of Russian oil is informed by past U.S. requests to keep the price of oil low amid Western-led sanctions on Russia.

“They bought Russian oil because we wanted somebody to buy Russian oil,” Eric Garcetti, the U.S. ambassador to India under President Joe Biden, said at a conference last year. “It was actually the design of the policy, because as a commodity we didn’t want oil prices going up.”

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFederal government becomes Intel’s largest shareholder under Trump deal
Next Article These Mary Poppins Secrets Are Sweeter Than a Spoonful of Sugar
Editor
  • Website

Related Posts

News

Columbia confirms hack stole Social Security numbers, health info

September 6, 2025
News

Woman’s hand signal for help leads to arrest

September 6, 2025
News

Congress returns from recess to face Epstein files controversy again

September 6, 2025
Add A Comment

Comments are closed.

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Recent Posts
  • These power astronomy binoculars are the cheapest they’ve been all year
  • Columbia confirms hack stole Social Security numbers, health info
  • This bright yellow 11-inch Apple iPad with A16 chip is $50 off on Amazon right now
  • Joseph Parker and Fabio Wardley set heavyweight clash for October 25 at London’s O2 Arena | Boxing News
  • Matthew McConaughey’s Son Levi Following His Footsteps
calendar
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Recent Posts
  • These power astronomy binoculars are the cheapest they’ve been all year
  • Columbia confirms hack stole Social Security numbers, health info
  • This bright yellow 11-inch Apple iPad with A16 chip is $50 off on Amazon right now
About

Welcome to Baynard Media, your trusted source for a diverse range of news and insights. We are committed to delivering timely, reliable, and thought-provoking content that keeps you informed
and inspired

Categories
  • Entertainment
  • Lifestyle
  • News
  • Sports
  • Tech
  • Travel
Facebook X (Twitter) Pinterest WhatsApp
  • Contact Us
  • About Us
  • Privacy Policy
  • Disclaimer
  • UNSUBSCRIBE
© 2025 copyrights reserved

Type above and press Enter to search. Press Esc to cancel.