๐บ๐ธ Trump's Executive Order of 50% Tariffs on India
๐ Reason for Tariff Increase
โ Failed Agreement
Despite months of discussions, no trade agreement was reached.
Experts believe this marks the most serious crisis in US-India ties in years.
Trump declared Russiaโs actions in Ukraine as a โnational emergency.โ
Justification: India continues to import oil from Russia, directly or indirectly.
Trump stated:
> โThe actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.โ
๐ฐ Details of the Tariff
Heightened tariffs imposed specifically on India.
India is a major consumer of Russian petroleum.
Tariffs will take effect 21 days after the announcement.
This leaves a short window for negotiations to reduce the rate.
India joins Brazil as the only country to face a 50% overall tariff rate
๐ค Strained US-India Trade Relations
๐ฃ๏ธ Trade Negotiations
Five rounds of trade talks were held between the US and India.
In April, US Vice President JD Vance visited New Delhi to lead negotiations.
