India is hit with an additional 25% tariff from the United States, raising the tax rate to 50%.

Jin10 data reported on August 6th that one day before the U.S. equivalent tariffs take effect on the 7th, India was hit with an additional 25% tariff from President Trump, with the same reason being India's procurement of Russian oil. On July 31, Trump announced that a 25% tariff would be imposed on Indian exports to the U.S. and hinted at additional penalties due to India's purchase of Russian oil. On the 6th, Trump signed an executive order announcing that tariffs on India would be increased by another 25%.

TRUMP3.76%
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