Trump Hits India With Punitive Tariffs for Buying Russian Oil, Modi Ignores Trump's Calls

The United States has imposed sweeping 50% tariffs on Indian goods, citing New Delhi’s continued purchases of Russian oil. The measures came into force at 7:00 a.m. Moscow time, after five rounds of negotiations failed to produce an agreement. Failed Talks and Harsh Measures According to sources in India’s Ministry of Commerce, the government does not expect any quick easing of the measures. Officials are preparing support for affected exporters while encouraging a redirection of trade flows toward China, Latin America, and the Middle East. The tariffs, announced under a presidential decree signed by Donald Trump in August titled “Countering Threats to the United States from the Government of the Russian Federation,” double earlier import duties from 25% to 50%.