U.S. President Donald Trump has imposed sanctions on India in an effort to end the Russia-Ukraine war. An additional tariff of 25 percent will be effective on India from August 27, bringing the total tariff to 50 percent. Trump's aim is to end the war, while India has termed it unfair, claiming to protect its national interests.
Russia Ukraine war: U.S. President Donald Trump has imposed sanctions on India to stop the ongoing war between Russia and Ukraine. White House Press Secretary Caroline Levitt stated that Trump has increased tariffs on India, imposing an additional 25 percent duty due to its purchase of oil from Russia, effective from August 27. Trump's objective is to end the war, while India has indicated it will protect its economic and national interests, deeming the tariff unfair.
New Tariff Decision on India
The U.S. already has a 25 percent tariff on goods coming from India. Now, an additional tariff of 25 percent has been added, effective from August 27. This means that a total tariff of 50 percent will be applicable on India. This step has been taken due to India's activities of buying crude oil from Russia and selling it elsewhere. U.S. officials say that such activities are being seen as profiteering.
Trump's Objective to End the War
Caroline Levitt said that Donald Trump has been putting public and political pressure to end the ongoing war between Russia and Ukraine for nearly four years. She said that Trump wants the war to end as soon as possible. For this, he has put economic and political pressure on various countries, including India. Levitt said that Trump has made it clear that he wants to see this conflict come to an end.
Russia-Ukraine War
The war between Russia and Ukraine has now lasted for more than three and a half years. Russia attacked Ukraine in February 2022. Since then, violence and conflict have continued in both countries. This war has also had a serious impact on the global energy market and trade policies. Many countries have taken economic and political steps to control this conflict.
Allegations Against India
U.S. Treasury Secretary Scott Bessent had previously stated that India is profiting by buying oil from Russia and selling it to other countries. Regarding this, the U.S. has decided to impose an additional tariff on India. India has termed this action unfair and said that like any country, it will protect its national interest and economic security. India has also clarified that its policies are in accordance with international trade rules and the interests of its country.
Global Reaction
After this step, there has been a stir in the global market. There have been changes in the prices of oil and other energy resources. Experts believe that the trade tension between India and the U.S. could affect the industry and market of both countries. However, India has said that it is ready to face this situation and will prioritize its trade interests.
Impact of Tariff on Trade
The 50 percent tariff will increase the prices of Indian goods in the American market. This will put pressure on India's export activities. Traders and industrialists have described this step as challenging. Meanwhile, the U.S. has said that this step is necessary to end the war. The Trump administration believes that economic pressure will help countries reduce participation in the war and establish peace.
