Just as he warned yesterday, President Trump signed an executive order imposing an additional 25% tariff on India over its purchase of Russian energy, the White House said Wednesday hours after talks between the US and Russia over the war in Ukraine failed to yield a breakthrough.
The accelerated tariffs – which will stack on top of 25% country-specific tariffs set to be implemented overnight – will go into effect within 21 days, according to the executive order signed by Trump.
“They’re fueling the war machine. And if they’re going to do that, then I’m not going to be happy,” Trump said Tuesday in an interview with CNBC.
The reaction was immediate extended selling pressure in India ETF…
Oil’s price action was more volatile…
Read the full Executive Order here:
NEW: President Donald J. Trump just signed an Executive Order imposing an additional 25% tariff on India in response to its continued purchase of Russian oil.
Here is the text of the Order:
By the authority vested in me as President by the Constitution and the laws of the…
— Rapid Response 47 (@RapidResponse47) August 6, 2025
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