United States President Donald Trump said on Monday he will substantially raise tariffs on India over its purchases of Russian oil.
Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world’s fifth-largest economy would also face an unspecified penalty, but gave no details. Later, Trump mounted a sharp attack and said: “I don’t care what India does with Russia. They can take their dead economies down together, for all I care.”
Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump’s threats. In turn, White House Deputy Chief of Staff Stephen Miller had accused India of effectively financing Russia’s war in Ukraine by purchasing oil from Moscow.
In a post on Truth Social today, Trump assailed New Delhi for buying Russian oil and then selling it.
“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,” Trump wrote. “They don’t care how many people in Ukraine are being killed by the Russian war machine.
“Because of this, I will be substantially raising the tariff paid by India to the USA,” the US president wrote.
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