Trump imposes 25% tariff on India imports over Russian oil purchases, pushing some duties to 50% as retaliation for New Delhi's discounted crude imports.

The sky-high rate leaves India, one of the world's fastest-growing economies, facing a slump in trade with its largest export market

Despite Donald Trump’s escalating tariff battles, a new economic triad of India, China, and Russia is quietly reordering the world’s trade architecture—worth $54 trillion in GDP (PPP).

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U.S. President Donald Trump's doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.

As punishment for buying Russian oil, President Trump is doubling the tax on goods imported from India, jeopardizing a relationship decades in the making.

By Nidhi Verma and Krishna N. Das NEW DELHI (Reuters) -India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the U.

Additional tariff imposed on India by President Donald Trump came into effect at 9:31 am IST today, and goods loaded and in transit to the US before that would be exempt from the additional 25% duties.