U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25 per cent tariff on goods from India, saying the country directly or indirectly imported Russian oil, adding to 25 per cent tariffs already announced.
The move threatens to further complicate U.S.-Indian relations and comes shortly after a Indian government source said Indian Prime Minister Narendra Modi would visit China for the first time in over seven years later this month.
U.S.-India ties are facing their most serious crisis in years after talks with India failed to produce a trade agreement.
The White House move, first signaled by Trump on Monday, follows meetings by Trump's top diplomatic envoy Steve Witkoff in Moscow aimed at pushing Russia to agree to peace in Ukraine.
Trump has threatened higher tariffs on Russia and secondary sanctions on its allies, if Russian President Vladimir Putin does not move to end the war in Ukraine.
Abu Dhabi boosts transparency, governance in real estate sector
Dr. Sultan Al Jaber dedicates leadership award to UAE President, frontline workers
Dubai achieves highest-ever ranking in Global Financial Centres Index
Stocks gain with oil prices easing on optimism from possible ceasefire talks
Australia moves to double fines for fuel gouging amid shortages
