Trump raises India tariffs to 50% over Russian oil purchases

Trump raises India tariffs to 50% over Russian oil purchases


US President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Modi will try to rekindle his bromance with Donal

Jim Watson | AFP | Getty Images

The White House announced Wednesday that it is imposing an additional 25% tariff on India, bringing the total levies against the major United States trading partner to 50%.

“I find that the Government of India is currently directly or indirectly importing Russian Federation oil,” President Donald Trump said in an executive order.

“Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent,” the executive order reads.

The new tariffs are set to go into effect in 21 days, according to the order.

Trump’s new tariff rate on India is now among the highest levy on all of the United States’ trading partners. It’s the latest sign that Trump is moving on making good on his threat to punish countries that buy Russian oil, as he’s increased his rhetoric in recent weeks over President Vladimir Putin’s invasion of Ukraine.

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Trump last week said that India would pay a tariff of 25%, in addition to a “penalty” over the country’s purchase of military equipment and energy from Russia. It was not clear at the time what such a penalty might look like.

Trump signaled Tuesday that he would raise the tariff on India “very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine.”

“And if they’re going to do that, then I’m not going to be happy,” Trump said on CNBC’s “Squawk Box.”

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