US hits India with 50% tariff over Russian oil

The United States has decided to increase taxes on products from India, raising the total tax to 50%. This is because India is still buying oil from Russia.

The new tax will start on August 27, based on an order from President Donald Trump.

It is one of the highest taxes the US has ever put on another country.

India’s government said the move is “unfair, unjustified, and unreasonable.” They also said they had already explained why they are buying oil from Russia.

This decision could hurt business and trade between the two countries.

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