President Donald Trump imposed an additional 25% tariff on India over its purchases of Russian oil, escalating the trade dispute and raising total tariffs on the world’s most populous country to 50%.
The additional tariffs are part of Trump’s efforts to end the war in Ukraine. India is the second-largest importer of Russian oil after China, and its purchases counter the Trump administration’s goal of limiting Russian President Vladimir Putin’s war funding by crimping oil export revenues.
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