Trump Doubles India Tariffs To 50% In Retaliation For Russian Oil Purchases
1. Trump raised tariffs on Indian imports to 50% due to Russian oil purchases. 2. The tariff increase is a major shift in U.S.-India trade relations. 3. These tariffs may impact India's economy and U.S.-India business ventures. 4. Market reactions might affect foreign investments in India-focused ETFs. 5. Ongoing developments could lead to further economic repercussions.