<h1>US Doubles Tariff to 50% on Exports Over Russian Oil Imports, Impacting Key Sectors and Economy</h1> The US government imposed an additional 25 percent tariff on certain exports from an Asian country, doubling the duty to 50 percent due to the country's continued imports of Russian oil. This action singles out the country for the highest US tariff rate alongside Brazil, exceeding tariffs imposed on other Russian oil importers like China and Turkey. The increased duties are expected to significantly impact sectors such as textiles, marine, and leather exports, prompting concerns over economic growth and currency vulnerability. The country's central bank maintained its policy rate and neutral stance amid these developments, while foreign exchange reserves declined due to active market interventions. The tariff escalation raises the risk of downward revisions to the country's GDP growth projections and contributes to market volatility.