U.S. SLAPS 25% TARIFF ON ALL INDIAN GOODS OVER RUSSIAN OIL TIES, SPARKING TRADE TENSIONS
Indian exporters are bracing for majordisruptions after United States confirmed it willimpose an additional 25 percent tariff on allIndian-origin goods, escalating trade tensionswith Asia’s third-largest economy. The U.S Department of Homeland Securityannounced that the new duties will apply to allIndian goods entering the country forconsumption. The move follows President DONALDTRUMP’s decision earlier this month topenalize India for its increased purchase ofRussian oil, which U. S argued that it indirectlysupports Russia's war in Ukraine.
