WASHINGTON/NEW DELHI: (Aug 6) US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi’s continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard.

Trump signed an executive order – Addressing Threats to the US by the Government of the Russian Federation – imposing the additional tariff over an above the 25 per cent levy which comes into effect from August 7.

Government of india Slams US Tariffs over Russian Oil Imports, Calls Move “Unfair, Unjustified and Unreasonable

After this order, the total tariff on Indian goods, barring a small exemption list, will be 50 per cent.

with inputs From PTI