President Donald Trump signed an executive order Wednesday imposing an additional 25 percent in tariffs on India over the country’s purchases of Russian oil, following through on his threat to ramp up pressure on Moscow to end the war in Ukraine.
The tariffs are set to go into force within 21 days, according to the executive order, and will go on top of the 25 percent penalty Trump unveiled on India this month.
The order came hours after a roughly three-hour meeting between Russian and U.S. officials, which did not produce a breakthrough. It came days before the White House’s deadline for Russia to reach a peace deal with Ukraine or face major economic penalties.
Trump has threatened to impose “secondary tariffs” of up to 100 percent on countries that buy goods — primarily energy — from Russia if President Vladimir Putin doesn’t quickly cease hostilities in Ukraine.
