From Aug. 27 onwards, Indian goods entering the US are subjected to an additional 25% levy for India’s imports of Russian crude oil. This takes the cumulative tariff on India to 50%, which is at par with Brazil and highest among all major US trading partners.
From calling India ‘a dead economy’ a few weeks ago, Trump has recently indicated that the US and India will remain close partners.
The US president, last week, shifted his tone on India, describing Prime Minister Narendra Modi as a “friend” with whom he plans to speak soon. Modi reciprocated the gesture on social media platform X, calling the US as a valued ally of India.
However, earlier this week, he called on EU officials to impose tariffs of up to 100% on China and India to pressurise Russian President Vladimir Putin. Trump reportedly made these remarks during a conference call with EU sanctions envoy David O’Sullivan and other EU officials, who were in Washington to discuss sanctions coordination.
