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Trump to raise tariffs on India over Russian oil trade, warns of higher penalties

Invezz Monday, 4 August 2025 ()
Trump to raise tariffs on India over Russian oil trade, warns of higher penaltiesTensions between Washington and New Delhi have escalated as US President Donald Trump announced a sharp increase in tariffs on Indian imports, citing India’s continued purchases of Russian oil. The decision comes just days ahead of an August 8 deadline for Russia to agree to a truce with Ukraine, and amid broader US threats of […]
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Video Credit: Oneindia - Published
News video: Breaking: Trump Threatens To ‘Substantially’ Raise Tariffs On India Over Russian Oil | US Vs India

Breaking: Trump Threatens To ‘Substantially’ Raise Tariffs On India Over Russian Oil | US Vs India 03:08

Trump has threatened to "substantially" raise tariffs on India if it continues large-scale imports of discounted Russian oil. The warning comes amid rising U.S. pressure on nations bypassing Western sanctions on Moscow. Trump’s remarks have sparked concern in New Delhi, which defends its energy...

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