India, Aug. 27 -- The additional 25 per cent tariffs on India announced by US President Donald Trump earlier this month are set to come into effect on Wednesday, August 27, taking the cumulative tariff on Indian imports to 50%. The additional tariffs on India were announced by Trump as a penalty for buying oil from Russia, a move that India has repeatedly called "unfair, unjustified, and unreasonable."

On Monday, the US Department of Homeland Security issued a draft notice outlining plans to implement a 50 per cent tariff on products from India. With steep tariffs on India, Trump hopes to pressure his Russian counterpart Vladimir Putin into ending the war against Ukraine by trying to curb Moscow's oil trade.

Published by HT Digital Cont...