Trump cranks up India tariffs to 50% in an attempt to pressure Russia
Trump cranks up India tariffs to 50% in an attempt to pressure Russia
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President Trump imposed a 25% tariff on India over its Russian oil deals, raising total US tariffs on India to 50%. This move could impact India's economy, which was seen as an alternative to China for US manufacturing. The Indian government called the tariffs 'unfortunate' and 'unfair', while experts warned it could significantly reduce Indian exports to the US. The tariffs aim to pressure Russia amid its ongoing war in Ukraine.
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