**The US President's tariff increase raises concerns over trade relations and energy stability as India defends its position.**
**Trump Imposes 25% Tariff on India for Russian Oil Imports**
**Trump Imposes 25% Tariff on India for Russian Oil Imports**
**New Executive Order Aims to Target India's Purchases Amid Ongoing Conflict in Ukraine**
In a bold move, President Donald Trump has signed an executive order imposing a hefty 25% tariff on India for its continued purchase of Russian oil. This decision elevates the total tariff on Indian imports to a staggering 50%, making it one of the most substantial tariffs levied by the United States. The order will take effect 21 days from its announcement, impacting goods entering for consumption at precisely 12:01 a.m. eastern daylight time.
The White House justified the tariff, citing India's actions as a hindrance to US efforts in addressing the ongoing conflict in Ukraine, describing the occurrences of the war as a significant threat to national security. In the statement, officials emphasized that India's importation of Russian oil undermines US initiatives aimed at countering Russian aggression. Additionally, it was stated that India’s ongoing purchases of Russian oil contribute to the funding of the conflict, with the US pledging further monitoring of other nations engaging in similar importing activities.
In response to the tariffs, India has characterized the US’s stance as "unjustified and unreasonable." A spokesperson from India's foreign ministry, Randhir Jaiswal, noted that India's imports were initiated as a response to a shift in global energy supplies at the onset of the energy crisis following the outbreak of the conflict in Ukraine. Furthermore, India expressed discontent with the US's imposition of tariffs while continuing its trade relations with Russia—last year, the US engaged in transactions worth approximately $3.5 billion with Russia, despite existing sanctions.
India has vowed to protect its national interests, asserting that it will take necessary steps to secure its economic stability while navigating these turbulent diplomatic waters.
The White House justified the tariff, citing India's actions as a hindrance to US efforts in addressing the ongoing conflict in Ukraine, describing the occurrences of the war as a significant threat to national security. In the statement, officials emphasized that India's importation of Russian oil undermines US initiatives aimed at countering Russian aggression. Additionally, it was stated that India’s ongoing purchases of Russian oil contribute to the funding of the conflict, with the US pledging further monitoring of other nations engaging in similar importing activities.
In response to the tariffs, India has characterized the US’s stance as "unjustified and unreasonable." A spokesperson from India's foreign ministry, Randhir Jaiswal, noted that India's imports were initiated as a response to a shift in global energy supplies at the onset of the energy crisis following the outbreak of the conflict in Ukraine. Furthermore, India expressed discontent with the US's imposition of tariffs while continuing its trade relations with Russia—last year, the US engaged in transactions worth approximately $3.5 billion with Russia, despite existing sanctions.
India has vowed to protect its national interests, asserting that it will take necessary steps to secure its economic stability while navigating these turbulent diplomatic waters.
