Skip to main content
BoF Logo

Agenda-setting intelligence, analysis and advice for the global fashion community.

Trump Doubles India Tariff to 50% to Punish Russian Oil Buying

The US President’s move came hours after talks between Washington and Moscow over the war in Ukraine failed to yield an immediate breakthrough.
The fashion industry was rocked by Trump's tariff announcements.
Trump signed an executive order setting the new rate, the White House said Wednesday, which will stack on top of a 25 percent levy on Indian imports Trump announced last week. (Getty Images)

US President Donald Trump imposed an additional 25 percent tariff on Indian goods over its ongoing purchases of Russian energy, escalating a fight with a key Asian partner on the eve of his broad-based duties taking effect.

Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.

In This Article
Topics
Tags

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.
view more
Latest News & Analysis
Unrivalled, world class journalism across fashion, luxury and beauty industries.
VIEW MORE
Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON