New Delhi Aug 06 (KINS):
Donald Trump announced an extra 25 per cent tariff on India Wednesday night as ‘penalty’ for the continued import of Russian crude oil, and vowed similar measures against other countries that buy, directly or indirectly, from that country and fund cash-strapped Vladimir Putin’s war on Ukraine.
Trump’s latest tax tirade takes total duties on import of Indian goods into the United States to 50 per cent – 20 per cent more the tariff on China and 21 per cent more than on Pakistan.
