THE NEW YORK TIMES: President Trump announced on Wednesday that he would double tariffs on India, to 50 percent, beginning this month as punishment for the country’s continued purchase of Russian oil.
Mr. Trump coupled the new, punishing tariff level with a threat to impose similar penalties on other countries that buy Russian energy as he sought to use trade policies to pressure the Kremlin into resolving the war in Ukraine.
Under a new executive order, India would face a 25 percent tariff starting on Aug. 27 if it continues to buy oil from Russia. That would be in addition to a 25 percent duty that Mr. Trump announced last week, citing unfair trade barriers, which he plans to implement beginning Thursday. » | Tony Romm | Reporting from Washington | Wednesday, August 6, 2025
