The additional tariff will go into effect within 21 days, on top of the 25% tariff that will go into effect at 12:01 a.m. Thursday, along with new tariffs on more than 60 countries, when the deadline Trump set for U.S. trading partners to negotiate new tariffs expires.
Trump suggested in recent days he would raise tariffs against India ahead of the Thursday deadline, telling CNBC on Tuesday, “India has not been a good trading partner,” while threatening he would “raise [the new tariffs] very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine.”
The move comes as Trump has sought to pressure Russia to reach a ceasefire agreement with Ukraine as he seeks to broker an end to the war between the two countries.
India’s Ministry of External Affairs called the reciprocal tariffs “unfair, unjustified and unreasonable” in a statement, adding it’s “extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” an apparent reference to other countries, such as China, that also purchase Russian oil.
