The United States is hitting India with a 25% tariff and an additional, unspecified "penalty" due to India's perceived ties to Russia. President Trump announced the move as trade negotiations between the two nations stalled.
This action follows ongoing concerns about India increasing its purchases of Russian oil. A "penalty" is a financial charge imposed as punishment or deterrent.
However, reports indicate Trump has scaled back a more severe threat of tariffs against Russia itself. The situation remains fluid as both countries navigate complex trade relations.
