US President Trump Increases Tariffs on Indian Imports

• US President Donald Trump has signed an executive order imposing an additional 25% tariff on Indian imports, in response to India’s oil imports from Russia.

• The additional 25% tariff will take effect after 21 days, with the initial 25% tariff set to take effect from Thursday.

• The Ministry of External Affairs (MEA) criticized the actions as “unfair, unjustified and unreasonable.”

• The MEA stated that the additional ad valorem duty on imports of articles of India, which are directly or indirectly importing Russian Federation oil, was necessary and appropriate.

• The MEA emphasized that the US and the EU have previously encouraged trade with Russia in excess of India’s oil imports.