Media Monitor: U.S. Imposes 50% Tariffs on India Over Russian Oil Purchases

Bloomberg is reporting that the Trump administration has imposed 50% tariffs on Indian goods, comprised of 25% reciprocal tariffs and 25% secondary sanctions for India's continued purchase of Russian oil. Trade Advisor Peter Navarro accused India of "profiteering" from refining Russian oil and falsely claiming low tariffs. Treasury Secretary Scott Bessent cited India's failure to make a trade deal as another factor. Democrats criticized the move, noting China buys more Russian oil. Former officials expressed disappointment, hoping for resolution at the highest levels, but Indian officials say Modi has no plans to visit the U.S. for the UNGA.