Trump imposes 50% tariff on India as punishment for buying Russian oil

Trump imposes 50% tariff on India as punishment for buying Russian oil

Curated from US news | The Guardian — Here’s what matters right now:

US president has argued New Delhi indirectly helping fund Ukraine war as experts say move is ‘own goal’ against ally Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil. The tariffs, which came into effect just after midnight on Wednesday in Washington, risk inflicting significant damage on the Indian economy and further disrupting global supply chains. Continue reading...

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Original reporting: US news | The Guardian

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