In a move to further escalate trade tensions, U.S. President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on goods imported from India. The new levy is in retaliation for India's continued import of Russian oil, despite U.S. sanctions
EU leaders condemned US President Trump's surprise tariffs on EU exports, warning of inflation, disrupted supply chains, and economic fallout. Officials promised proportionate countermeasures if negotiations with Washington fail.