Trump increases India prices 50% compared to Russian oil purchases

US President Donald Trump meets Indian Prime Minister Narendra Modi in the White House Oval Office in Washington, DC, on February 13, 2025. Modi will try to rekindle his bromance with Donal
Jim Watson | AFP | Getty images
The White House announced on Wednesday that it required an additional 25% rate on India, bringing the total samples against the main trade partner of the United States at 50%.
“I note that the Government of India is currently importing the oil of the Russia Federation directly or indirectly,” said President Donald Trump in a decree.
“Consequently, and in accordance with the applicable law, India articles imported into the customs territory of the United States will be subject to an additional ad valorem law of 25%,” said the decree.
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