Trump hits India with an additional 25% fee for Russian oil purchase

US President Donald Trump has issued an executive order hitting India with an additional 25% fee for Russian oil purchases, the BBC reported, broadcasting Periscope. This will raise the total fee on Indian imports in the United States to 50% among the highest tariffs imposed by the US. [...]
This will raise the total fee on Indian imports in the United States to 50% among the highest tariffs imposed by the US.
The new rate will enter into force after 21 days - August 27th, according to the executive order.
An answer by India's foreign ministry on Wednesday said New Delhi had made clear its position on imports from Russia and reiterated that the tariff is an unfair, unjustified and unreasonable”. /Periscopi/












