Explainer: How will Trumps tariff affect Indian economy

New Delhi: US President Donald Trump on Wednesday announced the imposition of a 25 percent additional import duty plus penalty on goods imported from India. The duty will come into effect from August 1. The unspecified penalty was imposed on India for purchasing crude oil and military equipment from Russia. The announcement came as a Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .