U.S. President Donald Trump has announced plans to significantly raise tariffs on imports from India in response to the country’s ongoing purchase of Russian oil. In a statement made on Monday, Trump criticized India for continuing to buy large volumes of oil from Russia and accused the country of profiting from the ongoing war in Ukraine by reselling the purchased oil on the global market.
“India is not only buying massive amounts of Russian oil, they are also reselling much of it on the open market for significant profit,” Trump said. He further condemned India’s actions, stating that the country appears indifferent to the human toll of the conflict in Ukraine, where thousands of civilians have been killed as a result of Russian military aggression.
Due to these concerns, Trump announced that his administration would “substantially raise” the tariffs that India currently pays on exports to the United States. He ended his statement by thanking the public for its attention to the matter.
This follows a previous declaration last week, in which Trump said he would implement a 25% tariff on Indian goods. At that time, he also mentioned the possibility of imposing an additional, unspecified penalty on India, though he did not provide any further details.
The move has sparked discussions among international trade analysts, who are closely watching how this decision might impact U.S.-India relations and global energy markets, especially considering India’s balancing act between Western alliances and its ties with Russia.
During this latest development regarding tarrifs, there are news circulating that India Suspends Russian Oil Imports amid Looming Trump Tariffs
