Trump’s 50% tariff on India As President puts pressure on buying Russian oil – US Politics Live | US Politics

Hello, welcome to American politics Real-time blog. My name is Tom Ambrose and I will bring you all the latest news lines in the next few hours.

Let’s start with the news President Donald Trump doubled India’s tariffs on goods to 50%, which came into effect on Wednesdayescalating tensions between the world’s two largest democracies and strategic partners.

As India’s punitive 25% tariff on Russian oil purchases increased Trump’s 25% tariff on many Indian products. For commodities such as clothing, gems and jewelry, footwear, sporting goods, furniture and chemicals, it requires up to 50% of the total responsibility, which is imposed by the United States and comparable to Brazil and China.

India and the United States have held five rounds of discussions since April to reach a trade agreement, but there are differences in the opening of India’s vast farm and dairy sector, with its purchase of Russian oil leading to a breakdown of the negotiations.

New tariffs threaten thousands of small exporters and jobs, including Gujarat, the hometown of Prime Minister Narendra Modi, according to Reuters.

An Indian Commerce Ministry official said that exporters who are not willing to be named will receive financial assistance and encourage diversification to markets such as China, Latin America and the Middle East.

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