In a move likely to rattle global markets and strain ties with a key ally, US President Donald Trump on Wednesday signed an executive order imposing an additional 25 per cent tariff on Indian imports, citing the country’s continued purchases of Russian oil. With this latest action, the total US tariffs on Indian goods now stand at 50 per cent.
The order, which goes into effect 21 days from signing, leaves room for potential negotiations between Washington, New Delhi, and Moscow. However, analysts warn the steep duties could disrupt India’s economic momentum, especially as it was being positioned as a China alternative for US companies seeking to diversify supply chains.
Notably, China—also a major importer of Russian oil—was spared similar penalties. Instead, Beijing faces a comparatively lower 30 per cent tariff under Trump’s ongoing negotiating strategy.
Timeline of Trump's major tariff moves
Since returning to office on January 20, President Trump has launched a sweeping tariff campaign targeting key global players. Below is a timeline of his significant trade actions:
Feb 1: 25 per cent tariffs imposed on imports from Mexico and most of Canada; 10 per cent on Chinese goods.
Feb 3: 30-day pause on Mexico and Canada tariffs after border enforcement concessions.
Feb 10: Steel and aluminum tariffs raised to 25 per cent.
Mar 3: Tariffs on Mexico and Canada to take effect; fentanyl-related tariffs on China doubled to 20 per cent.
Mar 26: 25 per cent duty imposed on imported cars and light trucks.
Apr 2: Blanket 10 per cent tariff on all imports; higher for select countries.
Apr 9: Temporary 90-day pause on country-specific tariffs; 125 per cent duty planned on Chinese goods.
May 9–12: Deals with UK and China bring selective tariff relief; truce with China slashes extra duties to 30 per cent.
May 23: Apple warned of 25 per cent tariff on phones manufactured abroad.
Jun 3: Steel and aluminum tariffs doubled to 50 per cent.
Jul 3–7: Tariffs ranging from 10 to 40 per cent announced on Vietnam and BRICS-aligned nations.
Jul 10–28: New tariffs on Indonesia (19 per cent), Canada (35 per cent), Japan (15 per cent), EU (15 per cent), and Brazil (50 per cent).
Jul 31: Tariffs between 10 and 41 per cent imposed on 69 countries; higher duties on Canadian fentanyl-linked goods.
Aug 6: Additional 25 per cent tariff on India over Russian oil trade, raising total duties to 50 per cent.