Sri Lanka, Aug. 27 -- The U.S. has imposed a new 50% tariff on Indian-origin goods starting Wednesday, August 27. The tariff is a response by the Trump administration to India's continued purchase of discounted Russian oil.

The U.S. Department of Homeland Security published a notice that the increased levies will apply to goods entered for consumption or withdrawn from a warehouse for consumption on or after 12:01 AM Eastern Daylight Time on August 27.

President Donald Trump argued that the measure is necessary to advance peace negotiations with Russia on Ukraine. He termed India's trade with Russia as indirect funding of the Russian war on Ukraine.

Modi urges Indian citizens to prioritize Swadeshi goods amid the tariff hike

Indian Pr...