Trump Targets India with New Tariff Strategy Over Russian Oil Deals
Former U.S. President Donald Trump announced a substantial tariff increase on Indian goods due to India buying and reselling Russian oil. He criticized India's actions as insensitive to the Ukraine conflict and stated a 25% tariff would be imposed. India's response remains undisclosed.
In a recent statement, former U.S. President Donald Trump announced that he plans to significantly increase tariffs on Indian goods in response to India's purchase of Russian oil.
Trump accused India of not only buying large quantities of oil from Russia but also profiting from selling it on the open market, seemingly indifferent to the ongoing conflict in Ukraine.
While specific details on the tariffs are not provided, India has indicated that they will continue buying Russian oil despite potential repercussions.
(With inputs from agencies.)
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