U.S. President Donald Trump has threatened steep tariffs on India, accusing it of profiting from the Ukraine war by buying and reselling Russian oil. A 25% tariff on Indian imports is set to take effect on August 7, with further penalties possible. Despite the warning, India remains firm on its energy strategy, citing market-based decisions. Russia now supplies nearly 40% of India’s crude oil, up from just 2.5% before the war. The government says refiners will continue sourcing oil commercially, prioritizing energy security. The move places India in a diplomatic bind as it balances strategic autonomy with mounting U.S. pressure.#donaldtrump #indiatariffs #russianoil #trumpsocial #ukrainewar #crudeoil #energysecurity #geopolitics #tradepolicy #toi #toibharat
Donald Trump Threatens To ‘Substantially Increase’ Tariffs On India Over Russian Oil
2