US EditionTrump Threatens India with 'Substantial' Tariff Hike for Buying Russian Oil
INDIA, AUG 4 – Trump targets India with a 25% tariff and additional penalties due to its large-scale Russian oil imports and military purchases, citing support for Russia's war efforts in Ukraine.
- On Monday, President Donald Trump announced plans to raise tariffs on India over its Russian oil purchases, including a 25% duty and penalties.
- Amid the Ukraine war, Trump's criticism stemmed from India's continued Russian oil purchases and resale, which he linked to 'obnoxious non-monetary Trade Barriers' on Truth Social.
- Trump said that India doesn’t care how many people in Ukraine are being killed by the Russian War Machine, and highlighted that India is tied with China in Russian oil purchases.
- Following the announcement, the Ministry of External Affairs said India called the US and European countries' targeting 'unjustified and unreasonable' during talks scheduled for August 25 to August 29.
- Looking ahead, the US team notes that five negotiation rounds have occurred, and India hopes to conclude a fair, balanced trade agreement in the near future.
53 Articles
53 Articles
[NHK] Ahead of the deadline of the 8th of this month for Russia to agree to a ceasefire with Ukraine, US President Trump announced that India will stop purchasing crude oil from Russia.
US President Donald Trump said today that he will significantly increase tariffs on India because it buys Russian oil and makes money from it.
Trump hits India with higher tariffs, accuses its government of aiding, profiting from Russia’s war in Ukraine
President Donald Trump announced Aug. 4 that the US will “substantially” raise tariffs on India over its continued purchase of Russian oil, accusing the country of… The post Trump hits India with higher tariffs, accuses its government of aiding, profiting from Russia’s war in Ukraine appeared first on CatholicVote org.
The U.S. president wants to punish the Indian economy, which according to him buys "large quantities of Russian oil".
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