New Delhi, Aug. 7 -- US President Donald Trump on Wednesday signed a fresh executive order imposing an additional 25 percent tariff on imports from India, citing India's continued purchase of oil from Russia.
This new measure follows a previously announced 25 percent tariff approved on July 31, effectively doubling duties on Indian imports within a week.
The initial round of tariffs comes into effect from Thursday, August 7, while the newly announced additional duty will be implemented after a 21-day notice period.
According to the executive order, the punitive measure is aimed at addressing what the US administration claims is India's direct or indirect contribution to circumventing sanctions on Russia through oil imports.
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