Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained

Aug 7, 2025 - 00:30
Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

US President Trump's imposition of a 25% additional tariff on Indian exports due to Russian oil purchases is poised to negatively impact India's economy, particularly affecting textile, marine, and leather sectors. Experts view this as a pressure tactic amid ongoing trade deal negotiations, potentially hindering India's GDP growth and straining trade relations.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0