A 50% tariff on Indian imports to the United States, initiated by former President Donald Trump, took effect on August 27th. The increase follows a prior 25% tariff implemented earlier in the month, targeting India for its continued purchase of Russian oil. The U.S. Department of Homeland Security issued a draft notice regarding the implementation. The primary goal of these tariffs is to pressure Russian President Vladimir Putin to end the war in Ukraine by limiting Russia’s oil revenue. It remains uncertain whether further announcements or notifications will precede the implementation. Several key points define the situation.
