India braces as 50 percent U.S. tariffs come into effect

India braces as 50 percent U.S. tariffs come into effect

The tariffs went into effect at 12:01 a.m. Eastern time. President Donald Trump announced on Aug. 6 that he would double the 25 percent U.S. tariffs against India as punishment for “directly or indirectly importing Russian Federal oil.” The initial 25 percent tariff went into effect Aug. 7....