President Trump will raise tariffs on India in retaliation for massive Russian oil imports, starting Aug. 7.
Adrian Rusu
International
Foto: shutterstock.com/ro
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Donald Trump has announced substantially increased tariffs on imports from India in response to Russian oil trade. As of August 7, India will face tariffs of 25%, plus an unspecified penalty on purchases of Russian goods and weaponry. Although India plans to continue buying oil from Russia, the Indian government has emphasized that it will take measures to protect its national interests in the context of trade negotiations with the US.
Sources
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Trump threatens India with 'substantial' tariff hike for buying Russian oil
Trump anunță măsuri dure împotriva Indiei, pe fondul comerțului masiv cu petrol rusesc
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