Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi’s continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard.Trump signed an executive order – Addressing Threats to the US by the Government of the Russian Federation – imposing the additional tariff over an above the 25 per cent levy which comes into effect from August 7.After this order, the total tariff on Indian goods, barring a small exemption list, will be 50 per cent.
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