AssetID: 54971607
Headline: UNCAPTIONED: Trump Slaps 25% Tariff on India Over Russian Oil Imports
Caption: Trump Slaps 25% Tariff on India Over Russian Oil Imports. President Donald Trump has issued a new executive order hitting India with an extra 25% tariff over its purchases of Russian oil—raising total duties on Indian goods entering the U.S. to a steep 50%. The move, effective August 27, targets key Indian exports like textiles, auto parts, seafood, and jewellery. Electronics and pharma are currently exempt. India has slammed the tariff as "unfair and unjustified," warning it will take necessary steps to defend its national interests. New Delhi says it only turned to Russian oil after Western nations redirected global supply chains. Trump justified the move by saying India's imports undermine U.S. efforts to stop Russia's war in Ukraine. He warned that more secondary sanctions may be coming—even for U.S. allies. Experts say the new tariff could cut Indian exports to the U.S. nearly in half and strain ties between two long-time trade partners. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Donald Trump,India,25% tariff,50% total duties,Russian oil imports,executive order,August 27,Indian exports,textiles,auto parts,seafood,jewellery,electronics exemption,pharma exemption,U.S.-India trade,New Delhi,secondary sanctions,U.S. allies,Russia-Ukraine war,global supply chains,trade relations,U.S. tariffs,strained diplomatic ties
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