Tag: US tariff

India slams move as ‘unfair, unjustified and unreasonable’ Us president Donald Trump has issued a new executive order that imposes an additional 25% tariff on Indian imports due to India’s continued purchase of Russian oil. The latest hike raises the total tariff on Indian goods entering the United States to 50%, making it one of…

Published on August 4, 2025 | Source: USTR Executive Order & Reuters/FT 🔍 What Is a Tariff? A tariff is a tax imposed by a country on imported goods or services. For example, when the U.S. applies a 25% tariff on Indian exports, it increases the price of those goods in the American market—making Indian…