Trump was not happy even after imposing 50% tariff on India, now he gave another threat

US President Donald Trump has once again given a gift to his friend India. The gift of an additional 25 percent tariff. Yes, on Wednesday, Trump has signed an executive order to impose an additional 25% tariff. This decision has been taken after India continued to buy oil from Russia. With this, the tariff imposed in America on Indian products has now increased to 50% (trump tariffs India).

Trump imposes 50% tariff on India

After this 50% tariff, it is believed that textile, marine products and leather exports may be adversely affected. Reacting to this decision, India said that these steps are “unfair and unwise”.

If Trump is not satisfied with imposing an additional 25% tariff on India, he has said one more thing. After imposing an additional 25% tariff on Wednesday, Trump said that he will also impose many secondary sanctions.

Donald Trump imposes 50 Percent Tariff on India

In a statement issued by the Ministry of External Affairs, it was said that it is very unfortunate that the US has imposed additional tariffs on India. India will also take all necessary steps to protect its national interests. Let us tell you that last week, Trump had announced to impose a 25% tariff on India.

It was also said that India will be fined separately for trading with Russia. After which Trump imposed another 25 percent tariff on Wednesday. After this decision, a huge tariff of 50% will be imposed on all goods exported by India except the concessional goods.

Trump will impose many secondary sanctions on India

The ongoing oil and military trade between Russia and India is troubling Trump. Frustrated by this, Trump is trying to put pressure on India by imposing tariffs. But India made it clear that it will not bow down to these decisions of Trump.

After imposing an additional 25 percent tariff on India, Donald Trump said, “You will see many secondary sanctions.” Which means that he is not happy even after imposing 50% tariff. He is now preparing to impose many secondary sanctions on India.

What is secondary sanction?

Let us tell you that secondary sanctions are a type of economic sanctions. Which are imposed on a country (in this case India) which is already doing business with a country (Russia) on which primary sanctions have already been imposed.

When will the initial tariff be effective?

After announcing an additional 25 percent tariff on India on Wednesday, he said, “The tariff imposed according to the price will be in addition to any other tariff, fee, tax, recovery and charge applicable on such imports.” Let us tell you that this initial tariff will be effective from August 7. While the additional tariff will be implemented after 21 days.