CNBC's Carl Quintanilla and David Faber break down the latest news on President Donald Trump imposing an additional 25% tariff on goods from India over Russian oil purchases.

Washington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

The White House has imposed an additional 25% tariff on goods from India, raising the total tariff to 50%. This decision was made in response to India's ongoing purchases of Russian oil, which the US administration says undermines efforts to pressure Russia.

The new tariff highlights increasing tensions between the US and India regarding energy sourcing, with India pushing back against US attempts to influence its energy decisions. The measure does not currently apply to China, another major buyer of Russian oil. The announcement also raises questions about potential exemptions for US companies like Apple, which manufactures many of its products in India.

Trump imposes 25% tariff on goods from India over Russian purchases

Some breaking news on trade this morning, just crossing the wires, the White House says an additional 25 percent tariff will now be imposed on India, that brings the total tariff to 50 percent, all of that due to what the White House calls Russian oil purchases on behalf of India. We will get some more details as we get to that, as we get them, but we mentioned earlier with Jim, David, that the relation between the U.S. and India has become a little more fraught because India is in a position where they're saying, you don't need to dictate to us where we buy our energy, and clearly we're trying to put some leverage on Putin and Russia. Yeah, we have not chosen to do the same to China, of course, which is also a big buyer of Russian oil. And this goes back to Apple as well, shares of which are up almost 4 percent, an announcement coming later today about increased investment in the U.S., but remember, many of the iPhones for the U.S. market are made in India, and so an exemption from now a 50 percent tariff would seem to be something very important for Tim Cook, the company's CEO, to be able to get from the Trump administration.

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Fort Stewart

Five soldiers shot at Fort Stewart in Georgia; suspect apprehended

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Moscow

Ukraine Invasion

Witkoff, Putin had 'useful and constructive conversation'

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Hiroshima

Hiroshima marks 80th anniversary since U.S. atomic bombing

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Beijing

U.S. warns travelers as cases of chikungunya increase in China

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Japan’s Hiroshima marks 80 years since U.S. atomic bombing

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Jerusalem

Middle East Conflict

Netanyahu reportedly wants complete Gaza takeover

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Kyiv

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Jackson

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State of Rio de Janeiro

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Beirut

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Ottawa

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Tel Aviv-Yafo

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Rome

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Sana'a

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Kamchatka Peninsula

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Trump imposes 25% tariff on goods from India over Russian purchases

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