An ETF that tracks stocks in India is struggling to rebound from its recent losing streak, after President Trump imposed 25% tariffs on the country — and then threatened even steeper levies.

President Donald Trump has taken a major swing at India's trade relationship with the U.S., slapping an additional 25% tariff on Indian imports in response to New Delhi's continued purchases of Russian oil—effectively doubling the total tariff burden on Indian goods to 50%.

President Donald Trump issued an executive order on Wednesday that ratchets up tariffs on goods from India by an additional 25% as a broader measure aimed against Russia. The order is intended to punish India for buying oil and petroleum products from Russia,