<h1>U.S. imposes 50% tariffs tied to oil purchases; targeted country vows to protect economy during summit talks</h1> The U.S. President asserted that a South Asian country has offered to eliminate its tariffs after long-standing trade imbalances, while accusing that country of buying most oil and military equipment from a third country. The U.S. administration has imposed a 25% reciprocal tariff plus an additional 25% levy tied to that country's purchases of the third country's oil, effectively a 50% duty. The targeted country condemned the U.S. measures as unjustified and said it will protect national economic and agricultural interests amid high-level summit talks.