Us president Donald Trump has doubled the tariff rate on goods imported from India to 50%. He believes this is essentially a protest against India’s purchase of oil from Russia. The high tariffs were implemented after US President Donald Trump had previously threatened New Delhi with punishment and banned it from buying oil from Russia.
This high tariff rate was implemented in India from Wednesday, which already is greatly affecting the Indian economy and is also facing a blow to India’s market and trade. These high tariffs will make India’s export trade more challenging in the US market. Earlier, India had completed export trade of $87 million with the US in 2024, which is expected to be largely lower this year due to high tariffs.
The Indian government is criticizing the US move as “unfair and unreasonable” and saying that the US tariff policy will affect and harm India’s export market more than $48 billion. Expats believe that the US tariff policy will make India’s export trade ineffective, for that reason many have lost their jobs. It will also affect the global economy, and it will slow down the Indian economy.
Earlier, after Trump returned to the White House, he imposed export tariffs on various countries, including India,where a 25% export tariff was imposed on India. But in protest of buying oil from Russia he doubled the tariff on India to 50%. Trump believes that India is paying for the Ukraine war by buying oil from Russia, and this action against India is being taken as punishment and to set an example to the world.
The US President has doubled the tariff rate on India to 50% to punish India, which is greatly affecting the Indian economy.
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