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Trump Doubles Tariffs on India Amid Ukraine Crisis

8/8/2025

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Summary

Story summary

In a bold move, President Trump has doubled tariffs on Indian imports from 25% to 50%, a response to India's dealings with Russian oil amidst the ongoing Ukraine crisis. Set to take effect in 21 days, this controversial decision has drawn sharp criticism from India, with potential economic fallout estimated at a staggering $23 billion, hitting industries like textiles and jewelry hard.

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Story summary

In a bold move, President Trump has doubled tariffs on Indian imports from 25% to 50%, a response to India's dealings with Russian oil amidst the ongoing Ukraine crisis. Set to take effect in 21 days, this controversial decision has drawn sharp criticism from India, with potential economic fallout estimated at a staggering $23 billion, hitting industries like textiles and jewelry hard.