
AI Summary
US President Donald Trump has imposed an additional 25% tariff on India for oil purchases from Russia, raising the total import tariff to 50%. Effective August 27th, this makes India subject to one of the highest US tariff rates. India's Ministry of External Affairs criticized the move as unfair, unwarranted, and unreasonable, stating they've clarified their stance on Russian imports and will protect their national interests. Russia supplies over 35% of India's oil.
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