President Trump has declared his intention to significantly increase tariffs on Indian imports within the next 24 hours. This move is directly linked to India’s ongoing purchases of Russian oil. Trump previously considered a 25% tariff, but now plans to raise it even further. This announcement follows the imposition of a 25% tariff on all Indian imports, and is a consequence of India’s continued trade with Russia, despite existing US penalties.
Trump Announces Imminent Tariff Hike on Indian Imports Amidst Russian Oil Purchases
By News Analysis India1 Min Read