Indian shares opened lower on Thursday after the U.S. imposed an extra 25% tariff on Indian exports, stoking concerns over the economic impact of worsening bilateral ties.

President Trump vowed Monday to “substantially” jack up the US tariff on imports from India due to New Delhi’s continued purchase of Russian oil as Moscow’s invasion of Ukraine grinds

For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side