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Trump signs executive order adding 25% tariff on Indian oil imports from Russia

Total U.S. tariffs on India now stand at 50%

Tariffs go into effect 21 days after signing

China , also a Russian oil buyer, excluded from new tariffs

Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%

President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on India to 50%.

The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes.

Trump’s move could reshape India’s economic ambitions. Many

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