Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil.
The tariffs, which came into effect just after midnight on Wednesday in Washington, risk inflicting significant damage on the Indian economy and further disrupting global supply chains.
US tariffs of 25% on Indian goods went into force earlier this month, but Trump announced plans to double the rate, citing New Delhi’s purchases of Russian oil, which the White House has argued is indirectly funding Russia’s war against Ukraine.
Good. Finally a tariff that makes sense 🥳
US trade with Russia has increased by 20%
https://www.reuters.com/world/three-years-into-war-us-and-europe-keep-billions-trade-with-russia-2025-08-05/
I sure hope not! That said, I’m in Europe myself.
Have fun paying it
Nah, I don’t do much dealings with the usa.
Point to the tariff that makes sense?
Shhhhh, he might learn that Tariffs are taxes on the consumer.
Oh no, mind 🤯. You’ve sure shown me!! 🥳