In a significant escalation of trade tensions, President Trump is set to substantially raise tariffs on Indian imports within the next 24 hours. This move is a direct consequence of India’s ongoing purchases of Russian oil, which the US views as undermining its sanctions regime. This follows the imposition of a 25% tariff. Russia has successfully rerouted its oil and gas exports to Asia, with India and China emerging as major buyers.
Trade War Looms: Trump to Hike Tariffs on India Over Russian Oil
World
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