US to Impose Tariffs and Penalties on India Over Russian Oil: Trump

Former US President Donald Trump announced that India will be subject to a 25% tariff and other penalties due to its trade policies and its continued purchase of Russian oil. The tariffs are scheduled to begin on August 1st. Trump pointed out India’s high tariffs, trade barriers, and its extensive purchases of Russian military equipment and energy as the justification for the penalties, especially considering the current global stance on the conflict in Ukraine.