<p>US President Donald Trump on Wednesday signed an executive order imposing an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's Russian oil purchases.</p><p>This comes in less than 14 hours before his initial tariffs were to come into effect.</p>.'I don't know anything about it,' says Trump on US imports of Russian fertilisers and chemicals.<p>Earlier, on Tuesday the US President had said India has not been a good trading partner and announced that he will raise the tariffs on New Delhi "very substantially" over the next 24 hours because it is buying Russian oil.</p><p>Reacting to Trump's additional 25% tariff, Congress MP Shashi Tharoor said, "Uranium, Palladium, there are various things they (US) are importing from Russia. There is, unfortunately, a certain double standard involved. They have given the Chinese a 90-day break, but the Chinese are importing far more Russian oil than we are. So clearly this has not been a particularly friendly gesture from a country we thought was well disposed towards us, an administration that we thought was well disposed. Very clearly, we have to act accordingly, and we will have to learn our lessons from this experience. I think there is certainly a likelihood that there will be some pressure within India now to impose comparable reciprocal tariffs on American exports to India. So I think we're going to have to really start looking at other trading partners much more in these circumstances..."</p>
<p>US President Donald Trump on Wednesday signed an executive order imposing an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's Russian oil purchases.</p><p>This comes in less than 14 hours before his initial tariffs were to come into effect.</p>.'I don't know anything about it,' says Trump on US imports of Russian fertilisers and chemicals.<p>Earlier, on Tuesday the US President had said India has not been a good trading partner and announced that he will raise the tariffs on New Delhi "very substantially" over the next 24 hours because it is buying Russian oil.</p><p>Reacting to Trump's additional 25% tariff, Congress MP Shashi Tharoor said, "Uranium, Palladium, there are various things they (US) are importing from Russia. There is, unfortunately, a certain double standard involved. They have given the Chinese a 90-day break, but the Chinese are importing far more Russian oil than we are. So clearly this has not been a particularly friendly gesture from a country we thought was well disposed towards us, an administration that we thought was well disposed. Very clearly, we have to act accordingly, and we will have to learn our lessons from this experience. I think there is certainly a likelihood that there will be some pressure within India now to impose comparable reciprocal tariffs on American exports to India. So I think we're going to have to really start looking at other trading partners much more in these circumstances..."</p>
