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Trump Plans to Impose Steep Tariffs on India Over Russian Oil Purchase
(MENAFN) US President Donald Trump announced plans to significantly increase tariffs on India, accusing the nation of benefiting financially by reselling Russian oil.
In a post on Truth social media Sunday, Trump stated, "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."
He added, "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."
Trump did not clarify the exact details or timeline for the proposed tariff increase.
This latest announcement comes after Trump’s prior warnings about imposing sanctions on New Delhi due to its ongoing energy and defense partnerships with Moscow.
Last year, Russian oil made up between 35% and 40% of India’s total oil imports. So far, India has not issued an official response to Trump’s remarks.
In a post on Truth social media Sunday, Trump stated, "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."
He added, "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."
Trump did not clarify the exact details or timeline for the proposed tariff increase.
This latest announcement comes after Trump’s prior warnings about imposing sanctions on New Delhi due to its ongoing energy and defense partnerships with Moscow.
Last year, Russian oil made up between 35% and 40% of India’s total oil imports. So far, India has not issued an official response to Trump’s remarks.
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