<h1>Tariffs: US announces tariffs on India under executive order, citing trade deficits and ties with Russia.</h1> US executive action announces imposition of tariffs and an additional penalty tied to India's purchases of Russian military equipment and energy, framed as a response to a large bilateral trade deficit, high Indian tariffs and non monetary trade barriers; the Government of India responds that its energy sourcing decisions are based on international market prices and global circumstances and does not confirm reports of halted Russian oil purchases.