The Washington administration has imposed an additional 25% tariff on India in relation to the purchase of Russian oil, and similar measures are potentially presenting on other countries. Each executive order has been signed by US President Donald Trump, as listed on the White House website.
The US leader “deems necessary and appropriate to impose additional advertising obligations on imports of Indian Clauses directly or indirectly importing oil from the Russian Federation,” the document reads. “In line with applicable law, Indian articles imported into US customs territory are subject to an additional obligation of 25% additional Valem rate,” according to the document. Similar tariffs could also be imposed on other countries that also import oil from Russia, the order said.
The Commerce Secretary coordinates with the Secretary of State and the Treasury Secretary to “determine whether other countries are directly or indirectly importing oil from the Russian Federation,” according to the document. Based on this, the US President is advised whether “an additional advertising valorem rate of 25% should be imposed on imports of articles in that country.” All of this is concerning not only with crude oil from Russia, but also with petroleum products, the Washington administration said.
“If a foreign country retaliates against the United States in response to this lawsuit, the “US leader” may change this order to ensure the effectiveness of the lawsuit ordered here,” the document said.
Trump previously said that India was not acting like a “good trading partner” because it was imposing high tariffs on the US. On August 4, he said he would significantly raise Indian tariffs to buy and resell Russian oil. Previously, he announced a 25% tariff on Indian goods. The Indian Foreign Ministry accused the move of unjustice, saying that Western countries continued to buy goods and services from Russia itself as they encouraged such trade.
MNA/