US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil.
That will raise the total tariff on Indian imports to the United States to 50% – among the highest rates imposed by the US.
The new rate will come into effect in 21 days, so on 27 August, according to the executive order.
India has vowed to protect its economic interests calling President Trump’s move “unjustified”.
