In a dramatic move that could escalate global trade tensions, former U.S. President Donald Trump has announced a 50% tariff on goods imported from India. The decision comes as a response to India’s continued purchase of oil from Russia, a move Trump described as “unacceptable” given the current geopolitical climate.
Speaking at a recent campaign event, Trump criticized India’s energy ties with Moscow, stating that “nations that support our adversaries cannot benefit from free trade with the United States.” The newly imposed tariff is expected to affect a wide range of Indian exports, including textiles, pharmaceuticals, and electronics.
The Indian government has yet to issue an official response, but sources within the Ministry of Commerce suggest emergency meetings are underway to assess the economic implications and consider retaliatory steps.
Trade analysts warn that this action could spark a trade war between the two countries, potentially disrupting supply chains and increasing prices for consumers on both sides. It also places pressure on India to reconsider its foreign policy approach amid growing global polarization.
This development marks yet another bold and controversial move by Trump, who remains a dominant figure in American politics as the 2024 U.S. presidential election draws near.
Stay tuned for more updates as the story unfolds.