Trump Imposes 50% Tariffs on Indian Imports Over Russian Oil Purchases

U.S. President Donald Trump has signed an executive order enacting an additional 25% tariff on Indian goods, explicitly targeting India’s ongoing imports of Russian crude oil. This order increases the total tariff rate on Indian exports to the United States to 50%, the highest level for any country under current U.S. policy. According to the executive order (effective 21 days after signing, beginning at 12:01?a.m. ET), duties will apply to goods entered for consumption or withdrawn from warehouses on or after that time.  In an accompanying…