Trump imposes 50% tariff on India as punishment for buying Russian oil

Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil. The tariffs, which came into effect just after midnight on Wednesday in Washington, risk inflicting significant damage on the Indian economy and further disrupting global supply chains. US tariffs of 25% on Indian goods went into force earlier this month, but Trump...