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Home Business & Economy
US tariffs on Indian goods double to 50% over Russian oil purchases

Indian rupee (L) and US dollar currency notes are held by a foreign exchange employee at an office in New Delhi on August 26, 2025. US President Donald Trump has threatened to double import duties on India from 25 to 50 percent by August 27, to punish New Delhi for buying oil from Russia, saying the purchases help Moscow fund its invasion of Ukraine. Indian exporters are scrambling for options to mitigate the fallout as it threatens to upend low-margin, labour-intensive industries ranging from gems and jewellery to textiles and seafood. (Photo by Arun SANKAR / AFP)

US tariffs on Indian goods double to 50% over Russian oil purchases

AFP by AFP
August 27, 2025
in Business & Economy
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US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.

Trump has raised pressure on India over the energy purchases, a key source of revenue for Moscow’s war in Ukraine, as part of a campaign to end the conflict. But tariff exemptions remain for sectors that could be hit separately, like pharmaceuticals and computer chips.

bys/dw

© Agence France-Presse

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AFP, or Agence France-Presse, is a major international news agency headquartered in Paris, France. It is one of the world's oldest news agencies, founded in 1835. AFP provides news coverage in various formats, including text, photos, videos, and graphics, in multiple languages. The agency operates with a global network of journalists and regional hubs, aiming to deliver impartial and verified news worldwide.

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