Donald Trump Tariffs News Highlights: India's Russian oil imports set to rise in September despite US pressure

Donald Trump Tariffs News Live Updates: India is now facing 50% tariffs on its goods exported to the US, with the Donald Trump administration's 25% additional tariff rate for India coming into effect. The tariffs (25% + 25%) are a result of the ongoing trade deal stalemate between India and the US and America’s accusations that India’s crude oil trade with Russia is indirecting financing the war against Ukraine. India has drawn its red lines for the trade deal and has also made it clear that its energy security is important, thereby refusing to let the US dictate its crude purchase sources. How will the 50% US tariffs impact the Indian economy and its exports? Track TOI’s live coverage from the latest on Trump’s tariff impact on India: