U.S. President Donald Trump imposed a 25% penalty tariff on Indian goods over India’s Russian oil imports, adding to the 25% reciprocal tariffs set on July 31 after India and the U.S. failed to agree on a Free Trade Agreement.

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U.S. President Donald Trump imposed a 25% penalty tariff on Indian goods over India’s Russian oil imports, adding to the 25% reciprocal tariffs set on July 31 after India and the U.S. failed to agree on a Free Trade Agreement.

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