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News

Russian oil costs India big

NBC News on MSN · 4h
Trump hikes India tariffs to 50% for buying Russian oil
In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."
The New York Times · 6h
Trump to Double India’s Tariff as Punishment for Buying Russian Oil
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
CNN International on MSN · 22h
Trump wants India to stop buying Russian oil. Why is Modi saying no?
For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side
3h

Trump orders India tariff hike to 50% for buying Russian oil

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".
12hon MSN

Explainer-Where could India look to replace Russian oil?

India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and ...

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