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Big Trump tariffs on India take effect, walloping a major Asian economy


President Trump’s additional tariffs on India took effect Wednesday, bringing the total levy

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on imports from the Indo-Pacific strategic partner to a whopping 50%. India seemed poised for a trade deal with the U.S. earlier this year, but one never materialized. Instead, Mr. Trump imposed a 25% tariff on goods it sends to the U.S. and slapped an additional 25% levy on India as punishment for purchasing Russian oil during Moscow’s invasion of Ukraine. The high tariffs are a major source of worry for India.

 
 
 

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