🔥 Tariff Telenovela Alert! India and the USA are in a new showdown over trade. On Wednesday, U.S. President Donald Trump signed an executive order slapping an EXTRA 25% tariff on imports from India. That brings the total U.S. tariff on Indian goods to a whopping 50%! 💥
🤝 India's Ministry of External Affairs spokesman Randhir Jaiswal fired back, calling the move 'unfair, unjustified and unreasonable.' He added it's 'extremely unfortunate' that the U.S. chose this path, especially when India's oil imports from Russia are driven by market factors—fueling energy security for 1.4 billion people. 🌎🛢️
📜 Background Check: The original 25% tariff was Washington's response to New Delhi's own duties on U.S. products. Now, the latest bump is seen as part of a wider campaign to pressure Russia amid the Ukraine conflict. Remember, on July 29, Trump gave Russia 10 days to agree to a ceasefire with Ukraine. ⏳
💡 What's Next? India says it will take all actions necessary to protect its national interests. Will we see more tit-for-tat? Stay tuned—this trade drama is just heating up! 🔥
¡Increíble! Keep an eye on this space for updates on how these tariffs could affect global markets and everyday prices. This story reminds us that in today's world, trade policies can change overnight—impacting everything from your morning coffee ☕ to your phone bills. 📱
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India dubs U.S. additional tariffs 'unfair, unjustified, unreasonable'
cgtn.com
