FILE PHOTO: A 3D-printed miniature model of U.S. President Donald Trump, the Indian flag and the word "Tariffs" are seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
By Catherine Lucey
Aug 6, 2025 (Bloomberg) –US President Donald Trump signed an executive order imposing an additional 25% tariff on India over its purchase of Russian energy, the White House said Wednesday hours after talks between the US and Russia over the war in Ukraine failed to yield a breakthrough.
The accelerated tariffs — which will stack on top of 25% country-specific tariffs set to be implemented overnight — will go into effect within 21 days, according to the executive order signed by Trump.
“They’re fueling the war machine. And if they’re going to do that, then I’m not going to be happy,” Trump said Tuesday in an interview with CNBC.
Trump has escalated his fight with India over trade, unilaterally imposing a tariff rate after months of negotiations failed to secure a deal. He accused New Delhi of refusing to ease access for American goods and criticizing its membership in the BRICS group of developing economies.
© 2025 Bloomberg L.P.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The U.S. Coast Guard Marine Board of Investigation (MBI) has released its long-awaited Report of Investigation (ROI) into the catastrophic implosion of the Titan submersible, which killed five people during...
President Donald Trump said he would raise tariffs on Indian goods “over the next 24 hours” in response to New Delhi’s continued purchases of Russian oil.
The U.S. Coast Guard successfully rescued four people from the sinking 110-foot tug vessel Sea Ranger approximately 130 miles south of Cordova in the Gulf of Alaska on Friday. The...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
