US President Donald Trump meets with Indian Prime Minister Narendra Modi successful the Oval Office of the White House successful Washington, DC, connected Feb. 13, 2025. Modi volition effort to rekindle his bromance with Donal
Jim Watson | AFP | Getty Images
The White House announced Wednesday that it is imposing an additional 25% tariff connected India, bringing the full levies against the large United States trading spouse to 50%.
"I find that the Government of India is presently straight oregon indirectly importing Russian Federation oil," President Donald Trump said successful an executive order.
"Accordingly, and arsenic accordant with applicable law, articles of India imported into the customs territory of the United States shall beryllium taxable to an further advertisement valorem complaint of work of 25 percent," the enforcement bid reads.
Trump past week said that India would wage a tariff of 25%, successful summation to a "penalty" implicit the country's acquisition of subject instrumentality and vigor from Russia. It was not wide astatine the clip what specified a punishment would look like.
But Trump said Tuesday that helium would beryllium raising the tariff connected India "very substantially implicit the adjacent 24 hours, due to the fact that they're buying Russian oil, they're fueling the warfare machine."
"And if they're going to bash that, past I'm not going to beryllium happy," Trump said connected CNBC's "Squawk Box."
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