US EditionTrump says he will 'substantially' raise tariffs on India over Russian oil purchases
UNITED STATES, AUG 4 – Trump targets India's trade surplus and energy ties with Russia by imposing a 25% tariff on imports, citing India's resale of discounted Russian oil for profit, officials said.
- On Monday, US President Donald Trump said he would substantially raise tariffs on Indian exports, citing India’s purchase of Russian oil and resale at a profit.
- Just days ago, Trump imposed a 25% tariff on Indian goods effective August 1 with an unspecified penalty on Russian energy imports.
- Trump explained in a post published on Truth Social on Monday, 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits.'
- Responding on Friday, India’s Commerce and Industry Ministry said it was studying implications after sources said energy purchases remained market driven with no halt in Russian imports.
- Looking back to November 2024, Trump said he intended to use tariffs to support the US economy and American producers, planning to use revenue to lower income taxes.
106 Articles
106 Articles
US President Trump plans to raise tariffs on India again, citing India's purchases of Russian oil as the reason. Meanwhile, Finance Minister Klingbeil is trying to salvage the situation for the German steel industry in Washington.
Trump threatens to raise tariffs on goods from India over Russian oil purchases
Donald Trump said on Monday he will substantially raise tariffs on goods from India over its Russian oil purchases, while New Delhi said it would take measures to safeguard its interests and called its targeting by the U.S. president "unjustified." Trump said last week Washington was still negotiating with India…
US President Donald Trump has threatened high tariffs against India, because the country not only "purchases huge quantities of Russian oil, but then sells it with "great profits in the open market," Trump explained. Thus, it also indirectly increases pressure on Putin. "They don't care how many people in Ukraine are killed by the Russian war machine. "That's why I will increase the tariffs paid by India to the US strongly," Trump wrote on Monda…
The Indians "do not care about the number of people killed in Ukraine by the Russian war machine," says the head of state on Monday in a message on his Truth Social platform.
Trump Vows to ‘Substantially Raise Tariff’ on India Over Russian Oil Imports - The Thinking Conservative
Trump said he would “substantially” raise tariffs on goods from India, citing country’s continued purchase of Russian oil despite his demand that it stop. The post Trump Vows to ‘Substantially Raise Tariff’ on India Over Russian Oil Imports appeared first on The Thinking Conservative.
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