<h1>US Doubles Tariff on Indian Imports to 50% Over Russian Oil, Targeting Key Export Sectors</h1> The United States imposed an additional 25 percent tariff on goods imported from India, doubling the existing duty to 50 percent, in response to India's continued imports of Russian oil. This tariff increase targets sectors including textiles, marine, and leather exports, and places India alongside Brazil as countries facing the highest US tariffs. The move has been criticized by India as unfair and unjustified. Following the announcement, major Indian stock indices declined sharply, with significant drops in key firms, while some companies saw gains. The tariff escalation has also influenced foreign institutional investors to sell substantial equity holdings. This development reflects escalating trade tensions linked to geopolitical factors and has immediate financial market impacts.