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Trump hits India with 25% tariff over Russia oil purchases

On HALO

16 hours ago

President Donald Trump has ordered a 25% tariff on imports from India over the South Asian country's Russian oil purchases. The executive order, issued Wednesday, cites the International Emergency Economic Powers Act, the National Emergencies Act, and section 604 of the Trade Act of 1974. It builds on a prior executive order Trump issued in March banning U.S. imports of Russian-origin crude oil, petroleum and related products. Trump declared that Russian aggression toward Ukraine constituted a "national emergency" due to the impacts on U.S. national security and foreign policy. "To deal with t...

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16 hours ago
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