Donald Trump imposed a 25% tariff on Indian goods due to India’s Russian oil purchases. This action doubles existing tariffs. Analysts warn this could hurt US consumers and businesses. Clayton Seigle from CSIS, said tariffs may increase inflation. India is a key trade partner. The tariff could strain relations and impact global oil market stability. Donald Trump imposed a 25% tariff on Indian goods due to India’s Russian oil purchases. This action doubles existing tariffs. Analysts warn this could hurt US consumers and businesses. Clayton Seigle from CSIS, said tariffs may increase inflation. India is a key trade partner. The tariff could strain relations and impact global oil market stability.
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